MTN Group Balance Sheet Health
Financial Health criteria checks 5/6
MTN Group has a total shareholder equity of ZAR167.7B and total debt of ZAR74.5B, which brings its debt-to-equity ratio to 44.5%. Its total assets and total liabilities are ZAR476.0B and ZAR308.3B respectively. MTN Group's EBIT is ZAR58.4B making its interest coverage ratio 3.4. It has cash and short-term investments of ZAR29.0B.
Key information
44.45%
Debt to equity ratio
R74.53b
Debt
| Interest coverage ratio | 3.4x |
| Cash | R28.97b |
| Equity | R167.65b |
| Total liabilities | R308.32b |
| Total assets | R475.97b |
Recent financial health updates
Recent updates
Should You Think About Buying MTN Group Limited (JSE:MTN) Now?
Sep 12
MTN Group's (JSE:MTN) Strong Earnings Are Of Good Quality
Aug 25MTN Group Limited's (JSE:MTN) Subdued P/S Might Signal An Opportunity
Aug 14Should Shareholders Reconsider MTN Group Limited's (JSE:MTN) CEO Compensation Package?
May 22Here's Why MTN Group (JSE:MTN) Has A Meaningful Debt Burden
May 01Is Now The Time To Look At Buying MTN Group Limited (JSE:MTN)?
Apr 08
Localization Progress In Uganda And Ghana Will Unlock Future Earnings
Strong growth in data and fintech services could positively impact MTN's revenue and boost net margins through high-margin products.Even With A 28% Surge, Cautious Investors Are Not Rewarding MTN Group Limited's (JSE:MTN) Performance Completely
Jan 31Potential Upside For MTN Group Limited (JSE:MTN) Not Without Risk
Dec 07MTN Group's (JSE:MTN) Returns On Capital Are Heading Higher
Nov 15Financial Position Analysis
Short Term Liabilities: MTN's short term assets (ZAR157.3B) do not cover its short term liabilities (ZAR168.9B).
Long Term Liabilities: MTN's short term assets (ZAR157.3B) exceed its long term liabilities (ZAR139.4B).
Debt to Equity History and Analysis
Debt Level: MTN's net debt to equity ratio (27.2%) is considered satisfactory.
Reducing Debt: MTN's debt to equity ratio has reduced from 111.6% to 44.5% over the past 5 years.
Debt Coverage: MTN's debt is well covered by operating cash flow (87.9%).
Interest Coverage: MTN's interest payments on its debt are well covered by EBIT (3.4x coverage).
Balance Sheet
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Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2025/10/06 22:49 |
| End of Day Share Price | 2025/10/06 00:00 |
| Earnings | 2025/06/30 |
| Annual Earnings | 2024/12/31 |
Data Sources
The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.
| Package | Data | Timeframe | Example US Source * |
|---|---|---|---|
| Company Financials | 10 years |
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| Analyst Consensus Estimates | +3 years |
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| Market Prices | 30 years |
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| Ownership | 10 years |
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| Management | 10 years |
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| Key Developments | 10 years |
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* Example for US securities, for non-US equivalent regulatory forms and sources are used.
Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more.
Analysis Model and Snowflake
Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.
Learn about the world class team who designed and built the Simply Wall St analysis model.
Industry and Sector Metrics
Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on Github.
Analyst Sources
MTN Group Limited is covered by 26 analysts. 9 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.
| Analyst | Institution |
|---|---|
| Jonathan Bradley | Absa Bank Limited |
| Niel Venter | Absa Bank Limited |
| Sameera Cassim | Afrifocus Securities (Pty) Ltd. |