Krones Balance Sheet Health
Financial Health criteria checks 6/6
Krones has a total shareholder equity of €1.7B and total debt of €3.8M, which brings its debt-to-equity ratio to 0.2%. Its total assets and total liabilities are €4.5B and €2.8B respectively. Krones's EBIT is €315.7M making its interest coverage ratio -16.2. It has cash and short-term investments of €448.4M.
Key information
0.2%
Debt to equity ratio
€3.77m
Debt
Interest coverage ratio | -16.2x |
Cash | €448.36m |
Equity | €1.71b |
Total liabilities | €2.76b |
Total assets | €4.48b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: KRN's short term assets (€3.1B) exceed its short term liabilities (€2.4B).
Long Term Liabilities: KRN's short term assets (€3.1B) exceed its long term liabilities (€410.2M).
Debt to Equity History and Analysis
Debt Level: KRN has more cash than its total debt.
Reducing Debt: KRN's debt to equity ratio has reduced from 0.3% to 0.2% over the past 5 years.
Debt Coverage: KRN's debt is well covered by operating cash flow (3655.3%).
Interest Coverage: KRN earns more interest than it pays, so coverage of interest payments is not a concern.