Millicom International Cellular Balance Sheet Health
Financial Health criteria checks 2/6
Millicom International Cellular has a total shareholder equity of $3.7B and total debt of $6.3B, which brings its debt-to-equity ratio to 168.6%. Its total assets and total liabilities are $14.1B and $10.3B respectively. Millicom International Cellular's EBIT is $1.1B making its interest coverage ratio 2.1. It has cash and short-term investments of $803.0M.
Key information
168.6%
Debt to equity ratio
US$6.28b
Debt
| Interest coverage ratio | 2.1x |
| Cash | US$803.00m |
| Equity | US$3.73b |
| Total liabilities | US$10.34b |
| Total assets | US$14.07b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: M4M1's short term assets ($2.8B) do not cover its short term liabilities ($2.9B).
Long Term Liabilities: M4M1's short term assets ($2.8B) do not cover its long term liabilities ($7.5B).
Debt to Equity History and Analysis
Debt Level: M4M1's net debt to equity ratio (147%) is considered high.
Reducing Debt: M4M1's debt to equity ratio has reduced from 225.7% to 168.6% over the past 5 years.
Debt Coverage: M4M1's debt is well covered by operating cash flow (24.6%).
Interest Coverage: M4M1's interest payments on its debt are not well covered by EBIT (2.1x coverage).