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) Use Of Debt Could Be Considered Risky
Dec 07Topgolf Callaway Brands (NYSE:MODG) Has No Shortage Of Debt
May 06Here'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 31Recent updates
Topgolf Callaway Brands: A Bogey At These Prices Looks Improbable
Dec 29Topgolf Callaway Brands (NYSE:MODG) Use Of Debt Could Be Considered Risky
Dec 07Topgolf Callaway Brands: No Signs Of Recovery In Sight
Nov 24Topgolf 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 16Financial 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).
Balance Sheet
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Company Analysis and Financial Data Status
Data | Last Updated (UTC time) |
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Company Analysis | 2025/01/02 00:47 |
End of Day Share Price | 2025/01/02 00:00 |
Earnings | 2024/09/30 |
Annual Earnings | 2023/12/31 |
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 * |
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Company Financials | 10 years |
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Analyst Consensus Estimates | +3 years |
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Market Prices | 30 years |
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Ownership | 10 years |
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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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Industry and Sector Metrics
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Analyst Sources
Topgolf Callaway Brands Corp. is covered by 34 analysts. 13 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 |
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Craig Kennison | Baird |
Derek Leckow | Barrington Research Associates, Inc. |
Alexander Maroccia | Berenberg |