Momentum Group Balance Sheet Health
Financial Health criteria checks 5/6
Momentum Group has a total shareholder equity of ZAR29.4B and total debt of ZAR8.7B, which brings its debt-to-equity ratio to 29.5%. Its total assets and total liabilities are ZAR661.3B and ZAR631.9B respectively. Momentum Group's EBIT is ZAR13.1B making its interest coverage ratio 4.5. It has cash and short-term investments of ZAR613.4B.
Key information
29.5%
Debt to equity ratio
R8.66b
Debt
| Interest coverage ratio | 4.5x |
| Cash | R613.40b |
| Equity | R29.39b |
| Total liabilities | R631.94b |
| Total assets | R661.33b |
Recent financial health updates
No updates
Financial Position Analysis
Short Term Liabilities: MTM's short term assets (ZAR635.9B) exceed its short term liabilities (ZAR51.9B).
Long Term Liabilities: MTM's short term assets (ZAR635.9B) exceed its long term liabilities (ZAR580.1B).
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 8.3% to 29.5% over the past 5 years.
Debt Coverage: MTM's debt is well covered by operating cash flow (28%).
Interest Coverage: MTM's interest payments on its debt are well covered by EBIT (4.5x coverage).