MTN Group Balance Sheet Health
Financial Health criteria checks 3/6
MTN Group has a total shareholder equity of ZAR122.0B and total debt of ZAR74.4B, which brings its debt-to-equity ratio to 61%. Its total assets and total liabilities are ZAR385.9B and ZAR263.9B respectively. MTN Group's EBIT is ZAR42.9B making its interest coverage ratio 2.8. It has cash and short-term investments of ZAR17.0B.
Key information
61.0%
Debt to equity ratio
R74.42b
Debt
| Interest coverage ratio | 2.8x |
| Cash | R17.05b |
| Equity | R121.97b |
| Total liabilities | R263.92b |
| Total assets | R385.88b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: MTNO.Y's short term assets (ZAR126.3B) do not cover its short term liabilities (ZAR151.4B).
Long Term Liabilities: MTNO.Y's short term assets (ZAR126.3B) exceed its long term liabilities (ZAR112.6B).
Debt to Equity History and Analysis
Debt Level: MTNO.Y's net debt to equity ratio (47%) is considered high.
Reducing Debt: MTNO.Y's debt to equity ratio has reduced from 106.3% to 61% over the past 5 years.
Debt Coverage: MTNO.Y's debt is well covered by operating cash flow (65.6%).
Interest Coverage: MTNO.Y's interest payments on its debt are not well covered by EBIT (2.8x coverage).