Drägerwerk KGaA Balance Sheet Health
Financial Health criteria checks 6/6
Drägerwerk KGaA has a total shareholder equity of €1.4B and total debt of €295.0M, which brings its debt-to-equity ratio to 20.5%. Its total assets and total liabilities are €3.0B and €1.6B respectively. Drägerwerk KGaA's EBIT is €169.6M making its interest coverage ratio 11.3. It has cash and short-term investments of €179.8M.
Key information
20.5%
Debt to equity ratio
€295.03m
Debt
| Interest coverage ratio | 11.3x |
| Cash | €179.80m |
| Equity | €1.44b |
| Total liabilities | €1.57b |
| Total assets | €3.01b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: DRW3's short term assets (€1.8B) exceed its short term liabilities (€948.4M).
Long Term Liabilities: DRW3's short term assets (€1.8B) exceed its long term liabilities (€622.7M).
Debt to Equity History and Analysis
Debt Level: DRW3's net debt to equity ratio (8%) is considered satisfactory.
Reducing Debt: DRW3's debt to equity ratio has reduced from 21.2% to 20.5% over the past 5 years.
Debt Coverage: DRW3's debt is well covered by operating cash flow (67.8%).
Interest Coverage: DRW3's interest payments on its debt are well covered by EBIT (11.3x coverage).