Modern Times Group MTG Balance Sheet Health
Financial Health criteria checks 5/6
Modern Times Group MTG has a total shareholder equity of SEK14.2B and total debt of SEK518.0M, which brings its debt-to-equity ratio to 3.6%. Its total assets and total liabilities are SEK18.1B and SEK3.9B respectively. Modern Times Group MTG's EBIT is SEK1.0B making its interest coverage ratio 17.2. It has cash and short-term investments of SEK3.3B.
Key information
3.6%
Debt to equity ratio
kr518.00m
Debt
Interest coverage ratio | 17.2x |
Cash | kr3.33b |
Equity | kr14.21b |
Total liabilities | kr3.94b |
Total assets | kr18.15b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: 0GXJ's short term assets (SEK4.0B) exceed its short term liabilities (SEK1.9B).
Long Term Liabilities: 0GXJ's short term assets (SEK4.0B) exceed its long term liabilities (SEK2.1B).
Debt to Equity History and Analysis
Debt Level: 0GXJ has more cash than its total debt.
Reducing Debt: 0GXJ's debt to equity ratio has increased from 2.3% to 3.6% over the past 5 years.
Debt Coverage: 0GXJ's debt is well covered by operating cash flow (248.8%).
Interest Coverage: 0GXJ's interest payments on its debt are well covered by EBIT (17.2x coverage).