Topgolf Callaway Brands Balance Sheet Health
Financial Health criteria checks 4/6
Topgolf Callaway Brands has a total shareholder equity of $3.9B and total debt of $1.5B, which brings its debt-to-equity ratio to 38.7%. Its total assets and total liabilities are $9.2B and $5.2B respectively. Topgolf Callaway Brands's EBIT is $189.0M making its interest coverage ratio 0.8. It has cash and short-term investments of $443.7M.
Key information
38.7%
Debt to equity ratio
US$1.52b
Debt
| Interest coverage ratio | 0.8x |
| Cash | US$443.70m |
| Equity | US$3.94b |
| Total liabilities | US$5.22b |
| Total assets | US$9.16b |
Recent financial health updates
Topgolf Callaway Brands (NYSE:MODG) Has No Shortage Of Debt
May 06
Here's Why Topgolf Callaway Brands (NYSE:MODG) Is Weighed Down By Its Debt Load
Jan 23Is 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 28Recent updates
Topgolf Callaway: Concerning Traffic Decline At Topgolf
Aug 16Topgolf Callaway Brands Corp.'s (NYSE:MODG) P/E Still Appears To Be Reasonable
Aug 01Why Topgolf Callaway Brands Corp. (NYSE:MODG) Could Be Worth Watching
Jul 11Topgolf Callaway's Growth Likely Isn't On A Sustainable Foundation
May 31Should Shareholders Reconsider Topgolf Callaway Brands Corp.'s (NYSE:MODG) CEO Compensation Package?
May 24Topgolf Callaway Brands (NYSE:MODG) Has No Shortage Of Debt
May 06Unpleasant 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 05Financial Position Analysis
Short Term Liabilities: MODG's short term assets ($1.6B) exceed its short term liabilities ($842.5M).
Long Term Liabilities: MODG's short term assets ($1.6B) do not cover its long term liabilities ($4.4B).
Debt to Equity History and Analysis
Debt Level: MODG's net debt to equity ratio (27.4%) is considered satisfactory.
Reducing Debt: MODG's debt to equity ratio has reduced from 73.8% to 38.7% over the past 5 years.
Debt Coverage: MODG's debt is well covered by operating cash flow (31.3%).
Interest Coverage: MODG's interest payments on its debt are not well covered by EBIT (0.8x coverage).