Momentum Group Balance Sheet Health
Financial Health criteria checks 4/6
Momentum Group has a total shareholder equity of ZAR30.1B and total debt of ZAR10.2B, which brings its debt-to-equity ratio to 33.8%. Its total assets and total liabilities are ZAR706.6B and ZAR676.6B respectively. Momentum Group's EBIT is ZAR10.5B making its interest coverage ratio 5.5. It has cash and short-term investments of ZAR655.4B.
Key information
33.8%
Debt to equity ratio
R10.17b
Debt
| Interest coverage ratio | 5.5x |
| Cash | R655.35b |
| Equity | R30.06b |
| Total liabilities | R676.58b |
| Total assets | R706.64b |
Recent financial health updates
No updates
Recent updates
Here's Why We Think Momentum Group (JSE:MTM) Might Deserve Your Attention Today
Nov 05
Momentum Group's (JSE:MTM) Dividend Will Be ZAR0.65
Oct 14These Analysts Think Momentum Group Limited's (JSE:MTM) Sales Are Under Threat
Oct 04Momentum Group (JSE:MTM) Is Due To Pay A Dividend Of ZAR0.65
Sep 30Momentum Group Limited's (JSE:MTM) Price Is Out Of Tune With Earnings
Jul 25Analysts Just Made A Major Revision To Their Momentum Metropolitan Holdings Limited (JSE:MTM) Revenue Forecasts
May 23Financial Position Analysis
Short Term Liabilities: MTM's short term assets (ZAR684.5B) exceed its short term liabilities (ZAR450.8B).
Long Term Liabilities: MTM's short term assets (ZAR684.5B) exceed its long term liabilities (ZAR225.8B).
Debt to Equity History and Analysis
Debt Level: MTM has more cash than its total debt.
Reducing Debt: MTM's debt to equity ratio has increased from 12.8% to 33.8% over the past 5 years.
Debt Coverage: MTM's operating cash flow is negative, therefore debt is not well covered.
Interest Coverage: MTM's interest payments on its debt are well covered by EBIT (5.5x coverage).