Morningstar Balance Sheet Health
Financial Health criteria checks 3/6
Morningstar has a total shareholder equity of $1.4B and total debt of $949.4M, which brings its debt-to-equity ratio to 68.6%. Its total assets and total liabilities are $3.4B and $2.0B respectively. Morningstar's EBIT is $298.7M making its interest coverage ratio 6. It has cash and short-term investments of $409.1M.
Key information
68.6%
Debt to equity ratio
US$949.40m
Debt
| Interest coverage ratio | 6x |
| Cash | US$409.10m |
| Equity | US$1.38b |
| Total liabilities | US$2.01b |
| Total assets | US$3.39b |
Recent financial health updates
No updates
Recent updates
Morningstar, Inc. Just Beat Earnings Expectations: Here's What Analysts Think Will Happen Next
Mar 03
Morningstar: Watching Out For Q4 Earnings
Feb 22The Price Is Right For Morningstar, Inc. (NASDAQ:MORN)
Jan 08Morningstar declares $0.36 dividend
Oct 07Morningstar: Wait For A Pullback
Sep 23Morningstar: The Problem Is Still The Valuation
Jul 12Morningstar - Not A Star Here
Apr 27Morningstar: The Stock Is Still Too Expensive
Mar 19The Market Fully Reflects Morningstar's Value
Jan 06With EPS Growth And More, Morningstar (NASDAQ:MORN) Is Interesting
Dec 23Morningstar: Shame It's So Expensive
Oct 15Is Now The Time To Put Morningstar (NASDAQ:MORN) On Your Watchlist?
Sep 01Financial Position Analysis
Short Term Liabilities: MORN's short term assets ($830.6M) do not cover its short term liabilities ($846.8M).
Long Term Liabilities: MORN's short term assets ($830.6M) do not cover its long term liabilities ($1.2B).
Debt to Equity History and Analysis
Debt Level: MORN's net debt to equity ratio (39.1%) is considered satisfactory.
Reducing Debt: MORN's debt to equity ratio has increased from 3.1% to 68.6% over the past 5 years.
Debt Coverage: MORN's debt is well covered by operating cash flow (40.7%).
Interest Coverage: MORN's interest payments on its debt are well covered by EBIT (6x coverage).