MMG Balance Sheet Health
Financial Health criteria checks 2/6
MMG has a total shareholder equity of $4.3B and total debt of $4.7B, which brings its debt-to-equity ratio to 109.2%. Its total assets and total liabilities are $11.9B and $7.6B respectively. MMG's EBIT is $511.0M making its interest coverage ratio 1.7. It has cash and short-term investments of $447.0M.
Key information
109.2%
Debt to equity ratio
US$4.71b
Debt
Interest coverage ratio | 1.7x |
Cash | US$447.00m |
Equity | US$4.31b |
Total liabilities | US$7.59b |
Total assets | US$11.90b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: 1208's short term assets ($1.4B) do not cover its short term liabilities ($2.2B).
Long Term Liabilities: 1208's short term assets ($1.4B) do not cover its long term liabilities ($5.4B).
Debt to Equity History and Analysis
Debt Level: 1208's net debt to equity ratio (98.8%) is considered high.
Reducing Debt: 1208's debt to equity ratio has reduced from 280.8% to 109.2% over the past 5 years.
Debt Coverage: 1208's debt is well covered by operating cash flow (39.3%).
Interest Coverage: 1208's interest payments on its debt are not well covered by EBIT (1.7x coverage).