Topgolf Callaway Brands Balance Sheet Health
Financial Health criteria checks 3/6
Topgolf Callaway Brands has a total shareholder equity of $3.9B and total debt of $1.6B, which brings its debt-to-equity ratio to 41.1%. Its total assets and total liabilities are $9.1B and $5.2B respectively. Topgolf Callaway Brands's EBIT is $249.4M making its interest coverage ratio 1.2. It has cash and short-term investments of $398.7M.
Key information
41.1%
Debt to equity ratio
US$1.59b
Debt
| Interest coverage ratio | 1.2x |
| Cash | US$398.70m |
| Equity | US$3.88b |
| Total liabilities | US$5.24b |
| Total assets | US$9.12b |
Recent financial health updates
Here's Why Topgolf Callaway Brands (NYSE:MODG) Is Weighed Down By Its Debt Load
Jan 23
Is Topgolf Callaway Brands (NYSE:MODG) A Risky Investment?
Oct 07Topgolf Callaway Brands (NYSE:MODG) Has A Somewhat Strained Balance Sheet
Jun 29We Think Topgolf Callaway Brands (NYSE:MODG) Is Taking Some Risk With Its Debt
Mar 31Here's Why Topgolf Callaway Brands (NYSE:MODG) Is Weighed Down By Its Debt Load
Dec 28Here's Why Topgolf Callaway Brands (NYSE:MODG) Has A Meaningful Debt Burden
Sep 27Recent updates
Unpleasant Surprises Could Be In Store For Topgolf Callaway Brands Corp.'s (NYSE:MODG) Shares
Apr 13Topgolf Callaway Brands: The Stock Is Attractive, Even Without A Buyout
Mar 21Earnings Troubles May Signal Larger Issues for Topgolf Callaway Brands (NYSE:MODG) Shareholders
Feb 21Topgolf Callaway: Subpar Returns Heading Into Q4 Earnings
Feb 11At US$13.79, Is It Time To Put Topgolf Callaway Brands Corp. (NYSE:MODG) On Your Watch List?
Feb 10Here's Why Topgolf Callaway Brands (NYSE:MODG) Is Weighed Down By Its Debt Load
Jan 23There's Reason For Concern Over Topgolf Callaway Brands Corp.'s (NYSE:MODG) Price
Dec 29Topgolf Callaway: Balancing Challenges And Growth Potential Post-Merger
Nov 30Is Topgolf Callaway Brands Corp. (NYSE:MODG) Potentially Undervalued?
Oct 29Is Topgolf Callaway Brands (NYSE:MODG) A Risky Investment?
Oct 07Topgolf Callaway Brands: Robust Financial Performance, Future Growth Driven By Changing Demographics
Sep 24Topgolf Callaway Brands: An Initial Assessment
Aug 11At US$19.56, Is Topgolf Callaway Brands Corp. (NYSE:MODG) Worth Looking At Closely?
Jul 21Topgolf Callaway Brands (NYSE:MODG) Has A Somewhat Strained Balance Sheet
Jun 29Topgolf Callaway: Management Is Betting Big For A Reason
Jun 26Is Now The Time To Look At Buying Topgolf Callaway Brands Corp. (NYSE:MODG)?
Apr 22We Think Topgolf Callaway Brands (NYSE:MODG) Is Taking Some Risk With Its Debt
Mar 31Topgolf Callaway Brands: Still A Great Play, But Not As Great
Feb 26Why Topgolf Callaway Brands Corp. (NYSE:MODG) Could Be Worth Watching
Jan 15Here's Why Topgolf Callaway Brands (NYSE:MODG) Is Weighed Down By Its Debt Load
Dec 28Topgolf Callaway: A Great Long Term Investment
Dec 16Is There Now An Opportunity In Topgolf Callaway Brands Corp. (NYSE:MODG)?
Oct 15Topgolf Callaway: Unconventional Play In Leisure
Oct 05Here's Why Topgolf Callaway Brands (NYSE:MODG) Has A Meaningful Debt Burden
Sep 27Callaway Golf Stock: Still A Fantastic Prospect
Jul 19Is Now An Opportune Moment To Examine Callaway Golf Company (NYSE:ELY)?
Jul 15Here's Why Callaway Golf (NYSE:ELY) Has A Meaningful Debt Burden
Jun 29An Intrinsic Calculation For Callaway Golf Company (NYSE:ELY) Suggests It's 40% Undervalued
Jun 13Top Golf's Wide Moat Gives Callaway Upside
May 11Does Callaway Golf (NYSE:ELY) Have A Healthy Balance Sheet?
Mar 28Why Callaway Golf Company (NYSE:ELY) Could Be Worth Watching
Mar 01Callaway Golf: A Great Buying Opportunity Post Earnings
Feb 24Why Netflix's PGA Docu-Series Will Boost Callaway Stock
Jan 16Financial Position Analysis
Short Term Liabilities: MODG's short term assets ($1.6B) exceed its short term liabilities ($947.6M).
Long Term Liabilities: MODG's short term assets ($1.6B) do not cover its long term liabilities ($4.3B).
Debt to Equity History and Analysis
Debt Level: MODG's net debt to equity ratio (30.8%) is considered satisfactory.
Reducing Debt: MODG's debt to equity ratio has increased from 6.8% to 41.1% over the past 5 years.
Debt Coverage: MODG's debt is well covered by operating cash flow (22.9%).
Interest Coverage: MODG's interest payments on its debt are not well covered by EBIT (1.2x coverage).