CIE Automotive Balance Sheet Health
Financial Health criteria checks 6/6
CIE Automotive has a total shareholder equity of €1.8B and total debt of €1.1B, which brings its debt-to-equity ratio to 62.3%. Its total assets and total liabilities are €3.6B and €1.8B respectively. CIE Automotive's EBIT is €550.7M making its interest coverage ratio 6. It has cash and short-term investments of €966.8M.
Key information
62.3%
Debt to equity ratio
€1.11b
Debt
Interest coverage ratio | 6x |
Cash | €966.80m |
Equity | €1.79b |
Total liabilities | €1.83b |
Total assets | €3.62b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: CIE's short term assets (€1.8B) exceed its short term liabilities (€411.3M).
Long Term Liabilities: CIE's short term assets (€1.8B) exceed its long term liabilities (€1.4B).
Debt to Equity History and Analysis
Debt Level: CIE's net debt to equity ratio (8.3%) is considered satisfactory.
Reducing Debt: CIE's debt to equity ratio has reduced from 81.7% to 62.3% over the past 5 years.
Debt Coverage: CIE's debt is well covered by operating cash flow (46.9%).
Interest Coverage: CIE's interest payments on its debt are well covered by EBIT (6x coverage).