Millicom International Cellular Balance Sheet Health
Financial Health criteria checks 2/6
Millicom International Cellular has a total shareholder equity of $3.7B and total debt of $6.3B, which brings its debt-to-equity ratio to 168.6%. Its total assets and total liabilities are $14.1B and $10.3B respectively. Millicom International Cellular's EBIT is $1.1B making its interest coverage ratio 2.1. It has cash and short-term investments of $803.0M.
Key information
168.6%
Debt to equity ratio
US$6.28b
Debt
| Interest coverage ratio | 2.1x |
| Cash | US$803.00m |
| Equity | US$3.73b |
| Total liabilities | US$10.34b |
| Total assets | US$14.07b |
Recent financial health updates
Millicom International Cellular (NASDAQ:TIGO) Use Of Debt Could Be Considered Risky
May 30
Is Millicom International Cellular (NASDAQ:TIGO) A Risky Investment?
Nov 15Millicom International Cellular (NASDAQ:TIGO) Has A Somewhat Strained Balance Sheet
Jul 28Millicom International Cellular (NASDAQ:TIGO) Takes On Some Risk With Its Use Of Debt
Mar 31Millicom International Cellular (NASDAQ:TIGO) Takes On Some Risk With Its Use Of Debt
Dec 15Does Millicom International Cellular (NASDAQ:TIGO) Have A Healthy Balance Sheet?
Aug 29Recent updates
Millicom: Excellent Outperformance On A Too Small Position
Oct 25Millicom International Cellular Q2 Earnings Preview (Rating Downgrade)
Jul 24Millicom International Cellular (NASDAQ:TIGO) Is Doing The Right Things To Multiply Its Share Price
Jul 19Millicom International Cellular (NASDAQ:TIGO) Use Of Debt Could Be Considered Risky
May 30Slowing Rates Of Return At Millicom International Cellular (NASDAQ:TIGO) Leave Little Room For Excitement
Apr 19After Leaping 26% Millicom International Cellular S.A. (NASDAQ:TIGO) Shares Are Not Flying Under The Radar
Mar 28Millicom International Cellular S.A. Just Missed Earnings With A Surprise Loss - Here Are Analysts Latest Forecasts
Mar 15At US$18.10, Is Millicom International Cellular S.A. (NASDAQ:TIGO) Worth Looking At Closely?
Feb 29With Millicom International Cellular S.A. (NASDAQ:TIGO) It Looks Like You'll Get What You Pay For
Jan 25Millicom International Cellular Setting Up For A Great 2024
Jan 19Here's What To Make Of Millicom International Cellular's (NASDAQ:TIGO) Decelerating Rates Of Return
Dec 09Is Millicom International Cellular (NASDAQ:TIGO) A Risky Investment?
Nov 15Millicom International Cellular (NASDAQ:TIGO) Hasn't Managed To Accelerate Its Returns
Aug 21Millicom International Cellular (NASDAQ:TIGO) Has A Somewhat Strained Balance Sheet
Jul 28Millicom International Cellular (NASDAQ:TIGO) Has Some Way To Go To Become A Multi-Bagger
May 22Analyst Estimates: Here's What Brokers Think Of Millicom International Cellular S.A. (NASDAQ:TIGO) After Its First-Quarter Report
Apr 29Millicom International Cellular S.A.'s (NASDAQ:TIGO) Earnings Haven't Escaped The Attention Of Investors
Apr 18Millicom International Cellular (NASDAQ:TIGO) Takes On Some Risk With Its Use Of Debt
Mar 31Returns Are Gaining Momentum At Millicom International Cellular (NASDAQ:TIGO)
Feb 16Why Millicom International Cellular S.A. (NASDAQ:TIGO) Could Be Worth Watching
Jan 05Millicom International Cellular (NASDAQ:TIGO) Takes On Some Risk With Its Use Of Debt
Dec 15Returns On Capital At Millicom International Cellular (NASDAQ:TIGO) Have Hit The Brakes
Sep 26Does Millicom International Cellular (NASDAQ:TIGO) Have A Healthy Balance Sheet?
Aug 29Should You Think About Buying Millicom International Cellular S.A. (NASDAQ:TIGO) Now?
Aug 02Millicom International Cellular S.A. GAAP EPS of $1.14, revenue of $1.47B
Jul 28Financial Position Analysis
Short Term Liabilities: TIGO's short term assets ($2.8B) do not cover its short term liabilities ($2.9B).
Long Term Liabilities: TIGO's short term assets ($2.8B) do not cover its long term liabilities ($7.5B).
Debt to Equity History and Analysis
Debt Level: TIGO's net debt to equity ratio (147%) is considered high.
Reducing Debt: TIGO's debt to equity ratio has reduced from 225.7% to 168.6% over the past 5 years.
Debt Coverage: TIGO's debt is well covered by operating cash flow (24.6%).
Interest Coverage: TIGO's interest payments on its debt are not well covered by EBIT (2.1x coverage).