Magnite Balance Sheet Health
Financial Health criteria checks 5/6
Magnite has a total shareholder equity of $701.7M and total debt of $536.6M, which brings its debt-to-equity ratio to 76.5%. Its total assets and total liabilities are $2.7B and $2.0B respectively.
Key information
76.5%
Debt to equity ratio
US$536.59m
Debt
| Interest coverage ratio | n/a |
| Cash | US$326.22m |
| Equity | US$701.68m |
| Total liabilities | US$1.99b |
| Total assets | US$2.69b |
Recent financial health updates
Is Magnite (NASDAQ:MGNI) Using Too Much Debt?
Mar 22
Would 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 24We Think Magnite (NASDAQ:MGNI) Has A Fair Chunk Of Debt
Oct 19Would Magnite (NASDAQ:MGNI) Be Better Off With Less Debt?
Jul 12Recent updates
Magnite: 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 11Is Magnite (NASDAQ:MGNI) A Risky Investment?
Mar 14Magnite: A Strong Buy Under $15
Feb 27Magnite Stock: When Everything Sells Off, Investor Appetite Evaporates
Dec 15Magnite (NASDAQ:MGNI) Is Making Moderate Use Of Debt
Dec 05Magnite: CTV Slows Down Slightly And Investors Throw In The Towel
Nov 08Magnite: Privacy Headwinds Are Temporary
Oct 26Calculating The Fair Value Of Magnite, Inc. (NASDAQ:MGNI)
Oct 13Financial Position Analysis
Short Term Liabilities: MGNI's short term assets ($1.5B) exceed its short term liabilities ($1.4B).
Long Term Liabilities: MGNI's short term assets ($1.5B) exceed its long term liabilities ($585.0M).
Debt to Equity History and Analysis
Debt Level: MGNI's net debt to equity ratio (30%) is considered satisfactory.
Reducing Debt: MGNI's debt to equity ratio has increased from 0% to 76.5% over the past 5 years.
Balance Sheet
Cash Runway Analysis
For companies that have on average been loss-making in the past, we assess whether they have at least 1 year of cash runway.
Stable Cash Runway: Whilst unprofitable MGNI has sufficient cash runway for more than 3 years if it maintains its current positive free cash flow level.
Forecast Cash Runway: MGNI is unprofitable but has sufficient cash runway for more than 3 years, due to free cash flow being positive and growing by 58.7% per year.