Azimut Holding Balance Sheet Health
Financial Health criteria checks 5/6
Azimut Holding has a total shareholder equity of €1.7B and total debt of €499.5M, which brings its debt-to-equity ratio to 29.2%. Its total assets and total liabilities are €10.3B and €8.5B respectively. Azimut Holding's EBIT is €628.8M making its interest coverage ratio 70.8. It has cash and short-term investments of €583.4M.
Key information
29.2%
Debt to equity ratio
€499.49m
Debt
Interest coverage ratio | 70.8x |
Cash | €583.40m |
Equity | €1.71b |
Total liabilities | €8.54b |
Total assets | €10.26b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: AZM's short term assets (€723.6M) exceed its short term liabilities (€666.7M).
Long Term Liabilities: AZM's short term assets (€723.6M) do not cover its long term liabilities (€7.9B).
Debt to Equity History and Analysis
Debt Level: AZM has more cash than its total debt.
Reducing Debt: AZM's debt to equity ratio has reduced from 77.4% to 29.2% over the past 5 years.
Debt Coverage: AZM's debt is well covered by operating cash flow (87.9%).
Interest Coverage: AZM's interest payments on its debt are well covered by EBIT (70.8x coverage).