Universal Music Group Balance Sheet Health
Financial Health criteria checks 3/6
Universal Music Group has a total shareholder equity of €3.0B and total debt of €2.1B, which brings its debt-to-equity ratio to 70.5%. Its total assets and total liabilities are €13.1B and €10.1B respectively. Universal Music Group's EBIT is €1.4B making its interest coverage ratio 16.6. It has cash and short-term investments of €504.0M.
Key information
70.5%
Debt to equity ratio
€2.10b
Debt
Interest coverage ratio | 16.6x |
Cash | €504.00m |
Equity | €2.98b |
Total liabilities | €10.11b |
Total assets | €13.09b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: 0UMG's short term assets (€4.1B) do not cover its short term liabilities (€6.3B).
Long Term Liabilities: 0UMG's short term assets (€4.1B) exceed its long term liabilities (€3.8B).
Debt to Equity History and Analysis
Debt Level: 0UMG's net debt to equity ratio (53.6%) is considered high.
Reducing Debt: Insufficient data to determine if 0UMG's debt to equity ratio has reduced over the past 5 years.
Debt Coverage: 0UMG's debt is well covered by operating cash flow (89.6%).
Interest Coverage: 0UMG's interest payments on its debt are well covered by EBIT (16.6x coverage).