Magnite Balance Sheet Health
Financial Health criteria checks 5/6
Magnite has a total shareholder equity of $713.0M and total debt of $552.7M, which brings its debt-to-equity ratio to 77.5%. Its total assets and total liabilities are $2.6B and $1.9B respectively. Magnite's EBIT is $13.0M making its interest coverage ratio 0.4. It has cash and short-term investments of $326.5M.
Key information
77.5%
Debt to equity ratio
US$552.68m
Debt
| Interest coverage ratio | 0.4x |
| Cash | US$326.46m |
| Equity | US$712.96m |
| Total liabilities | US$1.93b |
| Total assets | US$2.64b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: MGNI *'s short term assets ($1.5B) exceed its short term liabilities ($1.3B).
Long Term Liabilities: MGNI *'s short term assets ($1.5B) exceed its long term liabilities ($601.1M).
Debt to Equity History and Analysis
Debt Level: MGNI *'s net debt to equity ratio (31.7%) is considered satisfactory.
Reducing Debt: MGNI *'s debt to equity ratio has increased from 0% to 77.5% over the past 5 years.
Balance Sheet
Cash Runway Analysis
For companies that have on average been loss-making in the past, we assess whether they have at least 1 year of cash runway.
Stable Cash Runway: Whilst unprofitable MGNI * has sufficient cash runway for more than 3 years if it maintains its current positive free cash flow level.
Forecast Cash Runway: MGNI * is unprofitable but has sufficient cash runway for more than 3 years, due to free cash flow being positive and growing by 54.9% per year.