Morningstar Balance Sheet Health
Financial Health criteria checks 4/6
Morningstar has a total shareholder equity of $1.6B and total debt of $864.7M, which brings its debt-to-equity ratio to 55.2%. Its total assets and total liabilities are $3.6B and $2.0B respectively. Morningstar's EBIT is $411.0M making its interest coverage ratio 9.7. It has cash and short-term investments of $601.7M.
Key information
55.2%
Debt to equity ratio
US$864.70m
Debt
| Interest coverage ratio | 9.7x |
| Cash | US$601.70m |
| Equity | US$1.57b |
| Total liabilities | US$2.00b |
| Total assets | US$3.57b |
Recent financial health updates
No updates
Recent updates
Why Retail Investors Might Be Interested In Morningstar
Nov 19There's Reason For Concern Over Morningstar, Inc.'s (NASDAQ:MORN) Price
Oct 08
Morningstar Stock: Perpetually Overvalued
Sep 24Morningstar: Still Holding Up Well, But No Investment
Jul 16Morningstar, Inc. (NASDAQ:MORN) Not Lagging Industry On Growth Or Pricing
Jun 17Morningstar, Inc. Just Beat Earnings Expectations: Here's What Analysts Think Will Happen Next
Mar 03Morningstar: 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 27Financial Position Analysis
Short Term Liabilities: MORN's short term assets ($1.0B) exceed its short term liabilities ($895.9M).
Long Term Liabilities: MORN's short term assets ($1.0B) do not cover its long term liabilities ($1.1B).
Debt to Equity History and Analysis
Debt Level: MORN's net debt to equity ratio (16.8%) is considered satisfactory.
Reducing Debt: MORN's debt to equity ratio has increased from 52.4% to 55.2% over the past 5 years.
Debt Coverage: MORN's debt is well covered by operating cash flow (66.6%).
Interest Coverage: MORN's interest payments on its debt are well covered by EBIT (9.7x coverage).