MGE Energy Balance Sheet Health
Financial Health criteria checks 3/6
MGE Energy has a total shareholder equity of $1.1B and total debt of $762.0M, which brings its debt-to-equity ratio to 66.8%. Its total assets and total liabilities are $2.7B and $1.5B respectively. MGE Energy's EBIT is $152.0M making its interest coverage ratio 5. It has cash and short-term investments of $11.1M.
Key information
66.8%
Debt to equity ratio
US$761.97m
Debt
Interest coverage ratio | 5x |
Cash | US$11.14m |
Equity | US$1.14b |
Total liabilities | US$1.54b |
Total assets | US$2.68b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: MG1's short term assets ($238.2M) exceed its short term liabilities ($157.2M).
Long Term Liabilities: MG1's short term assets ($238.2M) do not cover its long term liabilities ($1.4B).
Debt to Equity History and Analysis
Debt Level: MG1's net debt to equity ratio (65.9%) is considered high.
Reducing Debt: MG1's debt to equity ratio has increased from 62.6% to 66.8% over the past 5 years.
Debt Coverage: MG1's debt is well covered by operating cash flow (31.2%).
Interest Coverage: MG1's interest payments on its debt are well covered by EBIT (5x coverage).