Millicom International Cellular S.A. (TIGO) quarterly balance sheet — complete assets, liabilities & equity history
| Metric | Q1'26 | Q4'25 | Q3'25 | Q2'25 | Q1'25 | Q4'24 | Q3'24 | Q2'24 | Q1'24 | Q4'23 | Q3'23 | Q2'23 | Q1'23 | Q4'22 | Q3'22 | Q2'22 | Q1'22 | Q4'21 | Q3'21 | Q2'21 |
|---|
| Total Current Assets | 3.07B | 2.98B | 3.1B | 2.83B | 2.22B | 2.38B | 2.79B | 2.83B | 2.74B | 1.92B | 1.89B | 1.83B | 1.93B | 2.06B | 1.98B | 1.92B | 2.57B | 2.25B | 1.89B | 1.96B |
| Cash & Short-Term Investments | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Cash Only | 1.22B | 1.6B | 1.71B | 1.28B | 534M | 699M | 803M | 792M | 622M | 775M | 759M | 697M | 903M | 1.04B | 884M | 776M | 695M | 895M | 723M | 803M |
| Short-Term Investments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Accounts Receivable | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Days Sales Outstanding | 35.77 | 32.58 | 29.67 | 26.46 | 29.61 | 30.67 | 31.53 | 31.43 | 31.7 | 32.06 | 34.73 | 33.81 | 30.21 | 30.58 | 30.56 | 29.02 | 29.95 | 31.49 | 34.89 | 34.05 |
| Inventory | 135M | 106M | 106M | 74M | 56M | 44M | 60M | 63M | 59M | 45M | 65M | 69M | 68M | 53M | 67M | 104M | 90M | 63M | 55M | 60M |
| Days Inventory Outstanding | 11.46 | 26.57 | 26.45 | 18.72 | 7.34 | 13.91 | 8.83 | 8.44 | 6.61 | 6.89 | 8.81 | 8.8 | 7.75 | 7.94 | 21.32 | 11.98 | 9.74 | 8.43 | 9.87 | 8.77 |
| Other Current Assets | 234M | 195M | 465M | 666M | 1.05B | 1.08B | 1.23B | 1.24B | 1.31B | 489M | 404M | 315M | 305M | 400M | 402M | 396M | 1.11B | 653M | 539M | 524M |
| Total Non-Current Assets | 17.67B | 14.27B | 12.49B | 12.17B | 11.45B | 11.36B | 11.27B | 11.36B | 11.61B | 12.6B | 12.57B | 12.62B | 12.5B | 12.13B | 12.18B | 12.4B | 12.6B | 12.89B | 9.51B | 9.54B |
| Property, Plant & Equipment | 7.45B | 5.53B | 4.62B | 4.38B | 3.82B | 3.64B | 3.61B | 3.65B | 3.83B | 4B | 3.9B | 3.93B | 3.89B | 3.87B | 3.91B | 4.02B | 4.14B | 4.41B | 3.35B | 3.41B |
| Fixed Asset Turnover | 0.31x | 0.33x | 0.32x | 0.33x | 0.37x | 0.39x | 0.39x | 0.39x | 0.38x | 0.37x | 0.36x | 0.36x | 0.35x | 0.35x | 0.35x | 0.35x | 0.33x | 0.32x | 0.30x | 0.29x |
| Goodwill | 0 | 0 | 0 | 0 | 0 | 4.09B | 0 | 0 | 0 | 4.11B | 0 | 0 | 0 | 4.06B | 0 | 2.63B | 0 | 4.1B | 0 | 0 |
| Intangible Assets | 8.72B | 7.84B | 7.09B | 7.01B | 6.84B | 2.81B | 6.82B | 6.88B | 6.95B | 3.68B | 7.69B | 7.7B | 7.63B | 3.3B | 7.41B | 4.86B | 7.55B | 3.46B | 3.2B | 3.2B |
| Long-Term Investments | 651M | 583M | 539M | 565M | 565M | 561M | 610M | 599M | 589M | 576M | 579M | 602M | 592M | 590M | 585M | 621M | 612M | 618M | 2.62B | 2.6B |
| Other Non-Current Assets | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Total Assets | 20.75B | 17.25B | 15.59B | 15B | 13.66B | 13.74B | 14.07B | 14.19B | 14.35B | 14.52B | 14.46B | 14.45B | 14.43B | 14.2B | 14.15B | 14.33B | 15.17B | 15.14B | 11.4B | 11.51B |
| Asset Turnover | 0.10x | 0.10x | 0.09x | 0.10x | 0.10x | 0.10x | 0.10x | 0.10x | 0.10x | 0.10x | 0.10x | 0.10x | 0.10x | 0.10x | 0.10x | 0.10x | 0.09x | 0.09x | 0.09x | 0.09x |
| Asset Growth % | 51.85% | 25.6% | 10.83% | 5.71% | -4.81% | -5.37% | -2.7% | -1.81% | -0.51% | 2.24% | 2.13% | 0.87% | -4.87% | -6.23% | 24.17% | 24.52% | 28.66% | 21.89% | -7.54% | -8.33% |
| Total Current Liabilities | 5.03B | 3.39B | 3.35B | 3.19B | 2.92B | 3.12B | 2.88B | 2.93B | 3.19B | 2.33B | 2.17B | 2.18B | 2.07B | 2.12B | 1.92B | 2.02B | 3.52B | 4.49B | 2.3B | 2.29B |
| Accounts Payable | 724M | 491M | 400M | 340M | 330M | 300M | 277M | 306M | 312M | 390M | 325M | 362M | 391M | 400M | 325M | 354M | 380M | 347M | 249M | 242M |
| Days Payables Outstanding | 57.8 | 111.68 | 108.75 | 96.47 | 46.25 | 77.16 | 41.84 | 42.73 | 44.61 | 44.81 | 45.15 | 48.39 | 50.63 | 47.99 | 84.64 | 45.31 | 46.27 | 42.57 | 42.14 | 40.04 |
| Short-Term Debt | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Deferred Revenue (Current) | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Other Current Liabilities | 2.36B | 1.99B | 2.08B | 844M | 1.04B | 909M | 1.16B | 1.25B | 1.27B | 213M | 357M | 329M | 308M | 76M | 295M | 312M | 1.35B | 420M | 748M | 797M |
| Current Ratio | 0.61x | 0.88x | 0.92x | 0.89x | 0.76x | 0.76x | 0.97x | 0.97x | 0.86x | 0.82x | 0.87x | 0.84x | 0.93x | 0.97x | 1.03x | 0.95x | 0.73x | 0.50x | 0.82x | 0.86x |
| Quick Ratio | 0.58x | 0.85x | 0.89x | 0.87x | 0.74x | 0.75x | 0.95x | 0.95x | 0.84x | 0.80x | 0.84x | 0.81x | 0.90x | 0.95x | 0.99x | 0.90x | 0.70x | 0.49x | 0.80x | 0.83x |
| Cash Conversion Cycle | -10.56 | -52.53 | -52.63 | -51.29 | -9.3 | -32.58 | -1.48 | -2.87 | -6.3 | -5.86 | -1.61 | -5.78 | -12.68 | -9.47 | -32.77 | -4.31 | -6.59 | -2.66 | 2.62 | 2.77 |
| Total Non-Current Liabilities | 12.55B | 10.24B | 8.93B | 8.31B | 7.39B | 7.05B | 7.46B | 7.67B | 7.65B | 8.74B | 8.7B | 8.68B | 8.73B | 8.44B | 8.65B | 8.66B | 8.85B | 7.92B | 6.96B | 7.05B |
| Long-Term Debt | 7.39B | 6.56B | 5.82B | 5.56B | 5.52B | 5.53B | 5.93B | 6.18B | 6.09B | 6.48B | 6.49B | 6.51B | 6.67B | 6.62B | 6.74B | 6.73B | 6.88B | 5.9B | 5.17B | 5.29B |
| Capital Lease Obligations | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Deferred Tax Liabilities | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Other Non-Current Liabilities | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Total Liabilities | 17.58B | 13.63B | 12.28B | 11.5B | 10.31B | 10.16B | 10.34B | 10.6B | 10.84B | 11.07B | 10.86B | 10.86B | 10.8B | 10.56B | 10.57B | 10.68B | 12.38B | 12.4B | 9.26B | 9.34B |
| Total Debt | 11.72B | 9.47B | 8.44B | 7.93B | 7.12B | 6.77B | 7.25B | 7.47B | 7.68B | 7.74B | 7.74B | 7.76B | 7.87B | 7.82B | 7.89B | 7.9B | 8.49B | 8.91B | 6.22B | 6.38B |
| Net Debt | 10.51B | 7.87B | 6.73B | 6.64B | 6.58B | 6.07B | 6.45B | 6.68B | 7.06B | 6.96B | 6.98B | 7.07B | 6.97B | 6.78B | 7.01B | 7.12B | 7.8B | 8.02B | 5.5B | 5.57B |
| Debt / Equity | 3.70x | 2.62x | 2.55x | 2.27x | 2.12x | 1.89x | 1.95x | 2.08x | 2.19x | 2.25x | 2.15x | 2.16x | 2.17x | 2.15x | 2.20x | 2.17x | 3.04x | 3.25x | 2.90x | 2.94x |
| Debt / EBITDA | 13.70x | 11.29x | 11.96x | 12.12x | 11.21x | 10.07x | 12.38x | 11.79x | 12.16x | 13.92x | 14.52x | 15.07x | 15.53x | 14.30x | 14.67x | 13.69x | 15.06x | 19.29x | 17.72x | 18.59x |
| Net Debt / EBITDA | 12.27x | 9.38x | 9.54x | 10.16x | 10.37x | 9.03x | 11.01x | 10.54x | 11.17x | 12.53x | 13.10x | 13.72x | 13.75x | 12.40x | 13.02x | 12.34x | 13.83x | 17.35x | 15.66x | 16.25x |
| Interest Coverage | 1.57x | - | 2.67x | 5.35x | 2.69x | 1.90x | 2.02x | 2.28x | 1.77x | 1.30x | 1.14x | 1.12x | 1.19x | 1.39x | 0.89x | 1.36x | 1.63x | 6.44x | 1.12x | -0.14x |
| Total Equity | 3.17B | 3.62B | 3.31B | 3.5B | 3.35B | 3.57B | 3.73B | 3.59B | 3.51B | 3.44B | 3.59B | 3.6B | 3.63B | 3.63B | 3.58B | 3.64B | 2.79B | 2.74B | 2.15B | 2.17B |
| Equity Growth % | -5.49% | 1.29% | -11.19% | -2.62% | -4.45% | 3.74% | 3.7% | -0.14% | -3.36% | -5.2% | 0.39% | -1.29% | 30.1% | 32.63% | 66.9% | 68.08% | 24.32% | 20.49% | -5.34% | -6.75% |
| Book Value per Share | 18.92 | 21.55 | 19.69 | 20.87 | 19.73 | 20.69 | 21.59 | 20.77 | 20.37 | 20.06 | 20.75 | 21.00 | 21.25 | 21.19 | 20.95 | 31.98 | 21.81 | 16.66 | 13.01 | 13.18 |
| Total Shareholders' Equity | 3.14B | 3.64B | 3.34B | 3.54B | 3.39B | 3.63B | 3.81B | 3.68B | 3.6B | 3.53B | 3.64B | 3.62B | 3.63B | 3.6B | 3.54B | 3.58B | 2.63B | 2.58B | 1.97B | 1.99B |
| Common Stock | 253M | 253M | 253M | 253M | 258M | 258M | 258M | 258M | 258M | 258M | 258M | 258M | 258M | 258M | 258M | 258M | 153M | 153M | 153M | 153M |
| Retained Earnings | 2.89B | 3.09B | 2.83B | 3.06B | 2.95B | 2.88B | 3.02B | 2.89B | 2.82B | 2.7B | 2.85B | 2.85B | 2.87B | 2.87B | 2.81B | 2.84B | 2.64B | 2.61B | 1.97B | 1.97B |
| Treasury Stock | -35M | -52M | -52M | -53M | -142M | -43M | -12M | -17M | -14M | -8M | -15M | -30M | -46M | -47M | -47M | -48M | -50M | -60M | -38M | -10M |
| Accumulated OCI | -1B | 0 | -730M | -762M | -741M | -531M | -525M | -519M | -525M | -500M | -528M | -534M | -541M | -559M | -570M | -556M | -581M | -594M | -595M | -597M |
| Minority Interest | 32M | -20M | -33M | -39M | -33M | -54M | -79M | -85M | -94M | -84M | -49M | -27M | 4M | 29M | 43M | 60M | 158M | 157M | 179M | 181M |