Magnolia Oil & Gas Balance Sheet Health
Financial Health criteria checks 5/6
Magnolia Oil & Gas has a total shareholder equity of $2.0B and total debt of $392.9M, which brings its debt-to-equity ratio to 19.7%. Its total assets and total liabilities are $2.9B and $862.3M respectively. Magnolia Oil & Gas's EBIT is $496.7M making its interest coverage ratio 25.6. It has cash and short-term investments of $251.8M.
Key information
19.66%
Debt to equity ratio
US$392.88m
Debt
| Interest coverage ratio | 25.6x |
| Cash | US$251.76m |
| Equity | US$2.00b |
| Total liabilities | US$862.30m |
| Total assets | US$2.86b |
Recent financial health updates
Does Magnolia Oil & Gas (NYSE:MGY) Have A Healthy Balance Sheet?
Jun 24
These 4 Measures Indicate That Magnolia Oil & Gas (NYSE:MGY) Is Using Debt Reasonably Well
Dec 31Is Magnolia Oil & Gas (NYSE:MGY) Using Too Much Debt?
Sep 13Recent updates
Little Excitement Around Magnolia Oil & Gas Corporation's (NYSE:MGY) Earnings
Sep 02Magnolia Oil & Gas: Q2 Beat On Record Volumes, Again Increased Production Guidance, And Expanded Development Area
Jul 31Does Magnolia Oil & Gas (NYSE:MGY) Have A Healthy Balance Sheet?
Jun 24Magnolia Oil & Gas (NYSE:MGY) Is Achieving High Returns On Its Capital
May 26Should Shareholders Reconsider Magnolia Oil & Gas Corporation's (NYSE:MGY) CEO Compensation Package?
Apr 30Magnolia Oil & Gas: Top Business Performance When Needed
Apr 26Benign Growth For Magnolia Oil & Gas Corporation (NYSE:MGY) Underpins Its Share Price
Mar 17Magnolia Oil & Gas Corporation (NYSE:MGY) Just Released Its Annual Earnings: Here's What Analysts Think
Feb 21Magnolia Oil & Gas' (NYSE:MGY) Upcoming Dividend Will Be Larger Than Last Year's
Feb 06These 4 Measures Indicate That Magnolia Oil & Gas (NYSE:MGY) Is Using Debt Reasonably Well
Dec 31Magnolia Oil & Gas: Continued Improvements In Capital Efficiency
Dec 10Is There An Opportunity With Magnolia Oil & Gas Corporation's (NYSE:MGY) 44% Undervaluation?
Nov 21Magnolia Oil And Gas Solid But High-Priced
Nov 09Why We Like The Returns At Magnolia Oil & Gas (NYSE:MGY)
Oct 24Is Magnolia Oil & Gas (NYSE:MGY) Using Too Much Debt?
Sep 13Magnolia Oil & Gas: Meets Cost Reduction Targets Ahead Of Schedule
Aug 31
Giddings Expansion And Cost-Cutting Measures To Spur Growth Amid Analysts' Mixed Forecasts
Recent acquisitions and expansion in Giddings enhance Magnolia's growth opportunities in production and development, promising increased revenue from high-return wells.Magnolia Oil & Gas: Working To Reduce LOE After Solid Q1 2024 Results
May 29Magnolia Oil & Gas: Projected To Generate Over $400 Million In 2024 FCF
Feb 20Magnolia Oil & Gas: Short-Term Pessimism, But Long-Term Optimism
Feb 08Magnolia Oil & Gas Continues To Grow Production With A Low Reinvestment Rate
Nov 17Magnolia Oil & Gas: Increased Value After Positive Guidance Revisions
Sep 03Magnolia Oil & Gas Has A New Sheriff In Town
Aug 04Magnolia Oil & Gas: Taking Necessary Measures For The Long Term
Jul 24Magnolia Oil & Gas: Over $500 Million In Projected FCF In 2023
Feb 14Magnolia Oil & Gas raises dividend by 15% to $0.100
Jan 31Magnolia Oil & Gas: A Top-Pick Oil Stock To Invest In For 2023
Jan 03Magnolia Oil & Gas: Outstanding Performance In Q3 2022
Nov 10Financial Position Analysis
Short Term Liabilities: MGY's short term assets ($416.7M) exceed its short term liabilities ($288.6M).
Long Term Liabilities: MGY's short term assets ($416.7M) do not cover its long term liabilities ($573.7M).
Debt to Equity History and Analysis
Debt Level: MGY's net debt to equity ratio (7.1%) is considered satisfactory.
Reducing Debt: MGY's debt to equity ratio has reduced from 48.7% to 19.7% over the past 5 years.
Debt Coverage: MGY's debt is well covered by operating cash flow (219.8%).
Interest Coverage: MGY's interest payments on its debt are well covered by EBIT (25.6x coverage).
Balance Sheet
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Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2025/09/03 16:49 |
| End of Day Share Price | 2025/09/03 00:00 |
| Earnings | 2025/06/30 |
| Annual Earnings | 2024/12/31 |
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 * |
|---|---|---|---|
| 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.
Analysis Model and Snowflake
Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.
Learn about the world class team who designed and built the Simply Wall St analysis model.
Industry and Sector Metrics
Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on Github.
Analyst Sources
Magnolia Oil & Gas Corporation is covered by 33 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 |
|---|---|
| Subhasish Chandra | Benchmark Company |
| Noah Hungness | BofA Global Research |
| John Phillips Johnston | Capital One Securities, Inc. |