Millicom International Cellular Balance Sheet Health
Financial Health criteria checks 2/6
Millicom International Cellular has a total shareholder equity of $3.6B and total debt of $6.5B, which brings its debt-to-equity ratio to 180.8%. Its total assets and total liabilities are $14.2B and $10.6B respectively. Millicom International Cellular's EBIT is $1.1B making its interest coverage ratio 2. It has cash and short-term investments of $792.0M.
Key information
180.8%
Debt to equity ratio
US$6.50b
Debt
| Interest coverage ratio | 2x |
| Cash | US$792.00m |
| Equity | US$3.59b |
| Total liabilities | US$10.60b |
| Total assets | US$14.19b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: TIGO SDB's short term assets ($2.8B) do not cover its short term liabilities ($2.9B).
Long Term Liabilities: TIGO SDB's short term assets ($2.8B) do not cover its long term liabilities ($7.7B).
Debt to Equity History and Analysis
Debt Level: TIGO SDB's net debt to equity ratio (158.8%) is considered high.
Reducing Debt: TIGO SDB's debt to equity ratio has reduced from 194.6% to 180.8% over the past 5 years.
Debt Coverage: TIGO SDB's debt is well covered by operating cash flow (22.5%).
Interest Coverage: TIGO SDB's interest payments on its debt are not well covered by EBIT (2x coverage).