Ontex Group Balance Sheet Health
Financial Health criteria checks 5/6
Ontex Group has a total shareholder equity of €927.0M and total debt of €616.2M, which brings its debt-to-equity ratio to 66.5%. Its total assets and total liabilities are €2.4B and €1.4B respectively. Ontex Group's EBIT is €132.7M making its interest coverage ratio 3.2. It has cash and short-term investments of €86.3M.
Key information
66.5%
Debt to equity ratio
€616.20m
Debt
| Interest coverage ratio | 3.2x |
| Cash | €86.30m |
| Equity | €927.00m |
| Total liabilities | €1.45b |
| Total assets | €2.37b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: ONTX's short term assets (€925.7M) exceed its short term liabilities (€739.8M).
Long Term Liabilities: ONTX's short term assets (€925.7M) exceed its long term liabilities (€705.6M).
Debt to Equity History and Analysis
Debt Level: ONTX's net debt to equity ratio (57.2%) is considered high.
Reducing Debt: ONTX's debt to equity ratio has reduced from 76.1% to 66.5% over the past 5 years.
Debt Coverage: ONTX's debt is well covered by operating cash flow (35.1%).
Interest Coverage: ONTX's interest payments on its debt are well covered by EBIT (3.2x coverage).