TIGOMillicom International Cellular S.A.
Is it safe?
Nothing alarming, nothing pristine: comfortable debt (A) and typical volatility.
Investment-grade balance sheet. A rule of thumb on leverage, not a credit rating.
Moderate price swings, typical volatility. Worst drawdown -84% · now 24% below its 52-week high.
Where this answer is blind. Altman sits structurally low for utilities and pipelines; Beneish runs high for fast growers, since sales growth alone lifts it; banks and REITs are excluded.
Can TIGO take a bad year?
Millicom International Cellular S.A. carries $5.33B of net debt at 2.05× EBITDA: a load its earnings can carry.
Net debt · as at FY2025 · under two and a half years of EBITDA, comfortable
- Net debt / EBITDA
- 2.05×
Net debt / EBITDA · 2.27× a year ago · the load is coming down
- Interest cover
- 2.33×
Interest cover · operating profit covers the interest bill, with room to spare
- Annualised volatility
- 37%
Annualised volatility · roughly twice as jumpy as the market
Details›
- Total debtFY2025
- $6.89B
- Cash and short-term investments
- $1.55B
- Net debt
- $5.33B
- EBITDA, trailing twelve months
- $2.60B
- Operating profit, trailing twelve months
- $1.64B
- Debt / equity
- 1.89×
- Total debt / EBITDA
- 2.65×
- Annualised volatilitytwo years of daily moves
- 37%
- Worst drawdown on file
- −84%
- Below its 52-week high
- 24%
Balance sheet from SEC filings; drawdown and volatility from end-of-day closes; Altman Z from the filed statements.