Modern Times Group MTG Balance Sheet Health
Financial Health criteria checks 5/6
Modern Times Group MTG has a total shareholder equity of SEK13.7B and total debt of SEK493.0M, which brings its debt-to-equity ratio to 3.6%. Its total assets and total liabilities are SEK17.3B and SEK3.6B respectively. Modern Times Group MTG's EBIT is SEK976.0M making its interest coverage ratio 11.9. It has cash and short-term investments of SEK3.2B.
Key information
3.6%
Debt to equity ratio
SEK 493.00m
Debt
| Interest coverage ratio | 11.9x |
| Cash | SEK 3.20b |
| Equity | SEK 13.72b |
| Total liabilities | SEK 3.62b |
| Total assets | SEK 17.34b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: MTGBS's short term assets (SEK3.9B) exceed its short term liabilities (SEK2.4B).
Long Term Liabilities: MTGBS's short term assets (SEK3.9B) exceed its long term liabilities (SEK1.3B).
Debt to Equity History and Analysis
Debt Level: MTGBS has more cash than its total debt.
Reducing Debt: MTGBS's debt to equity ratio has increased from 0.03% to 3.6% over the past 5 years.
Debt Coverage: MTGBS's debt is well covered by operating cash flow (264.9%).
Interest Coverage: MTGBS's interest payments on its debt are well covered by EBIT (11.9x coverage).