MTN Group Balance Sheet Health
Financial Health criteria checks 5/6
MTN Group has a total shareholder equity of ZAR150.2B and total debt of ZAR87.5B, which brings its debt-to-equity ratio to 58.3%. Its total assets and total liabilities are ZAR434.7B and ZAR284.5B respectively. MTN Group's EBIT is ZAR57.0B making its interest coverage ratio 3.6. It has cash and short-term investments of ZAR40.9B.
Key information
58.3%
Debt to equity ratio
R87.53b
Debt
Interest coverage ratio | 3.6x |
Cash | R40.91b |
Equity | R150.18b |
Total liabilities | R284.53b |
Total assets | R434.71b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: LL6's short term assets (ZAR144.7B) do not cover its short term liabilities (ZAR164.8B).
Long Term Liabilities: LL6's short term assets (ZAR144.7B) exceed its long term liabilities (ZAR119.7B).
Debt to Equity History and Analysis
Debt Level: LL6's net debt to equity ratio (31%) is considered satisfactory.
Reducing Debt: LL6's debt to equity ratio has reduced from 96.3% to 58.3% over the past 5 years.
Debt Coverage: LL6's debt is well covered by operating cash flow (73.2%).
Interest Coverage: LL6's interest payments on its debt are well covered by EBIT (3.6x coverage).