MTN Group Balance Sheet Health
Financial Health criteria checks 5/6
MTN Group has a total shareholder equity of ZAR130.2B and total debt of ZAR83.9B, which brings its debt-to-equity ratio to 64.4%. Its total assets and total liabilities are ZAR404.2B and ZAR274.0B respectively. MTN Group's EBIT is ZAR67.6B making its interest coverage ratio 4.7. It has cash and short-term investments of ZAR37.8B.
Key information
64.4%
Debt to equity ratio
R83.86b
Debt
Interest coverage ratio | 4.7x |
Cash | R37.80b |
Equity | R130.17b |
Total liabilities | R274.00b |
Total assets | R404.18b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: LL6A's short term assets (ZAR139.0B) do not cover its short term liabilities (ZAR148.4B).
Long Term Liabilities: LL6A's short term assets (ZAR139.0B) exceed its long term liabilities (ZAR125.6B).
Debt to Equity History and Analysis
Debt Level: LL6A's net debt to equity ratio (35.4%) is considered satisfactory.
Reducing Debt: LL6A's debt to equity ratio has reduced from 103.2% to 64.4% over the past 5 years.
Debt Coverage: LL6A's debt is well covered by operating cash flow (83.5%).
Interest Coverage: LL6A's interest payments on its debt are well covered by EBIT (4.7x coverage).