Magnit Balance Sheet Health
Financial Health criteria checks 1/6
Magnit has a total shareholder equity of RUB208.4B and total debt of RUB292.9B, which brings its debt-to-equity ratio to 140.6%. Its total assets and total liabilities are RUB1,207.5B and RUB999.2B respectively. Magnit's EBIT is RUB130.2B making its interest coverage ratio 2.5. It has cash and short-term investments of RUB108.8B.
Key information
140.6%
Debt to equity ratio
₽292.86b
Debt
| Interest coverage ratio | 2.5x |
| Cash | ₽108.82b |
| Equity | ₽208.36b |
| Total liabilities | ₽999.18b |
| Total assets | ₽1.21t |
Recent financial health updates
Recent updates
Financial Position Analysis
Short Term Liabilities: MGNT's short term assets (RUB344.7B) do not cover its short term liabilities (RUB487.1B).
Long Term Liabilities: MGNT's short term assets (RUB344.7B) do not cover its long term liabilities (RUB512.1B).
Debt to Equity History and Analysis
Debt Level: MGNT's net debt to equity ratio (88.3%) is considered high.
Reducing Debt: MGNT's debt to equity ratio has increased from 68.4% to 140.6% over the past 5 years.
Debt Coverage: MGNT's debt is well covered by operating cash flow (77.2%).
Interest Coverage: MGNT's interest payments on its debt are not well covered by EBIT (2.5x coverage).
Balance Sheet
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Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2022/10/05 15:47 |
| End of Day Share Price | 2022/07/08 00:00 |
| Earnings | 2022/06/30 |
| Annual Earnings | 2021/12/31 |
Data Sources
The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.
| Package | Data | Timeframe | Example US Source * |
|---|---|---|---|
| Company Financials | 10 years |
| |
| Analyst Consensus Estimates | +3 years |
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| Market Prices | 30 years |
| |
| Ownership | 10 years |
| |
| Management | 10 years |
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| Key Developments | 10 years |
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* example for US securities, for non-US equivalent regulatory forms and sources are used.
Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.
Analysis Model and Snowflake
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Learn about the world class team who designed and built the Simply Wall St analysis model.
Industry and Sector Metrics
Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on .
Analyst Sources
Public Joint Stock Company Magnit is covered by 31 analysts. 1 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.
| Analyst | Institution |
|---|---|
| John Walsh | Alfa Bank |
| Victor Dima | Aton LLC |
| Jaime Vázquez de Lapuerta | Banco Santander |