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Millicom International Cellular Balance Sheet Health
Financial Health criteria checks 0/6
Millicom International Cellular has a total shareholder equity of $3.6B and total debt of $6.9B, which brings its debt-to-equity ratio to 190.1%. Its total assets and total liabilities are $14.4B and $10.8B respectively. Millicom International Cellular's EBIT is $852.0M making its interest coverage ratio 1.6. It has cash and short-term investments of $903.0M.
Key information
190.1%
Debt to equity ratio
US$6.90b
Debt
Interest coverage ratio | 1.6x |
Cash | US$903.00m |
Equity | US$3.63b |
Total liabilities | US$10.80b |
Total assets | US$14.43b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: MICC.F's short term assets ($1.9B) do not cover its short term liabilities ($2.1B).
Long Term Liabilities: MICC.F's short term assets ($1.9B) do not cover its long term liabilities ($8.7B).
Debt to Equity History and Analysis
Debt Level: MICC.F's net debt to equity ratio (165.2%) is considered high.
Reducing Debt: MICC.F's debt to equity ratio has increased from 114.4% to 190.1% over the past 5 years.
Debt Coverage: MICC.F's debt is not well covered by operating cash flow (17.6%).
Interest Coverage: MICC.F's interest payments on its debt are not well covered by EBIT (1.6x coverage).