MGE Energy Balance Sheet Health
Financial Health criteria checks 4/6
MGE Energy has a total shareholder equity of $1.2B and total debt of $769.0M, which brings its debt-to-equity ratio to 64.3%. Its total assets and total liabilities are $2.7B and $1.6B respectively. MGE Energy's EBIT is $151.3M making its interest coverage ratio 4.7. It has cash and short-term investments of $14.9M.
Key information
64.3%
Debt to equity ratio
US$769.02m
Debt
| Interest coverage ratio | 4.7x |
| Cash | US$14.88m |
| Equity | US$1.20b |
| Total liabilities | US$1.55b |
| Total assets | US$2.75b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: MG1's short term assets ($210.3M) exceed its short term liabilities ($149.6M).
Long Term Liabilities: MG1's short term assets ($210.3M) do not cover its long term liabilities ($1.4B).
Debt to Equity History and Analysis
Debt Level: MG1's net debt to equity ratio (63.1%) is considered high.
Reducing Debt: MG1's debt to equity ratio has reduced from 64.5% to 64.3% over the past 5 years.
Debt Coverage: MG1's debt is well covered by operating cash flow (32.9%).
Interest Coverage: MG1's interest payments on its debt are well covered by EBIT (4.7x coverage).