Magnite Balance Sheet Health
Financial Health criteria checks 4/6
Magnite has a total shareholder equity of $725.9M and total debt of $553.8M, which brings its debt-to-equity ratio to 76.3%. Its total assets and total liabilities are $2.7B and $2.0B respectively. Magnite's EBIT is $46.0M making its interest coverage ratio 1.5. It has cash and short-term investments of $387.2M.
Key information
76.3%
Debt to equity ratio
US$553.81m
Debt
| Interest coverage ratio | 1.5x |
| Cash | US$387.24m |
| Equity | US$725.88m |
| Total liabilities | US$2.01b |
| Total assets | US$2.74b |
Recent financial health updates
Is Magnite (NASDAQ:MGNI) Using Too Much Debt?
Oct 24
We Think Magnite (NASDAQ:MGNI) Has A Fair Chunk Of Debt
Jul 15Is Magnite (NASDAQ:MGNI) Using Too Much Debt?
Mar 22Would Magnite (NASDAQ:MGNI) Be Better Off With Less Debt?
Nov 03Is Magnite (NASDAQ:MGNI) Using Too Much Debt?
Jul 24Is Magnite (NASDAQ:MGNI) Using Too Much Debt?
Jan 24Recent updates
Optimistic Investors Push Magnite, Inc. (NASDAQ:MGNI) Shares Up 29% But Growth Is Lacking
Nov 12Is Magnite (NASDAQ:MGNI) Using Too Much Debt?
Oct 24Magnite: Draws In The Big Players, 9x FCF
Oct 07Magnite, Inc.'s (NASDAQ:MGNI) Intrinsic Value Is Potentially 77% Above Its Share Price
Aug 27Magnite: Strong Growth But Customer Concentration Is A Concern
Aug 15Magnite: Netflix Relationship Alone Can More Than Double CTV Annual Profit Pool
Jul 31We Think Magnite (NASDAQ:MGNI) Has A Fair Chunk Of Debt
Jul 15Some Shareholders Feeling Restless Over Magnite, Inc.'s (NASDAQ:MGNI) P/S Ratio
Jun 18Magnite: Netflix Opportunity Highlights Undervaluation
May 20Magnite: Impact From The Disney Deal Is Not As Bad As It Sounds
Apr 04Is Magnite (NASDAQ:MGNI) Using Too Much Debt?
Mar 22Magnite: Cash Flows Now Matter
Mar 08Revenues Not Telling The Story For Magnite, Inc. (NASDAQ:MGNI) After Shares Rise 29%
Mar 01Magnite: Don't Overlook The Catalyst Of The Election Year
Jan 25Pinning Down Magnite, Inc.'s (NASDAQ:MGNI) P/S Is Difficult Right Now
Jan 04Is Magnite, Inc. (NASDAQ:MGNI) Trading At A 36% Discount?
Dec 14Would Magnite (NASDAQ:MGNI) Be Better Off With Less Debt?
Nov 03Is Magnite (NASDAQ:MGNI) Using Too Much Debt?
Jul 24Shareholders Should Be Pleased With Magnite, Inc.'s (NASDAQ:MGNI) Price
Apr 18Is Magnite (NASDAQ:MGNI) Using Too Much Debt?
Jan 24Magnite, Inc. (NASDAQ:MGNI) Shares Could Be 31% Below Their Intrinsic Value Estimate
Nov 11Fox collaborates with Magnite for monetization across OneFOX
Oct 19We Think Magnite (NASDAQ:MGNI) Has A Fair Chunk Of Debt
Oct 19Magnite, Group Black collaborate to help Black-owned media scale their offering
Sep 21Magnite: Underwhelming Results, Decent Prospects
Aug 10Would Magnite (NASDAQ:MGNI) Be Better Off With Less Debt?
Jul 12Magnite: Recession Risk Is Priced In
May 24Mulling Over Magnite, Inc.
May 11Financial Position Analysis
Short Term Liabilities: MGNI's short term assets ($1.6B) exceed its short term liabilities ($1.4B).
Long Term Liabilities: MGNI's short term assets ($1.6B) exceed its long term liabilities ($598.4M).
Debt to Equity History and Analysis
Debt Level: MGNI's net debt to equity ratio (22.9%) is considered satisfactory.
Reducing Debt: MGNI's debt to equity ratio has increased from 0% to 76.3% over the past 5 years.
Debt Coverage: MGNI's debt is well covered by operating cash flow (37.8%).
Interest Coverage: MGNI's interest payments on its debt are not well covered by EBIT (1.5x coverage).