MFE-Mediaforeurope Balance Sheet Health
Financial Health criteria checks 6/6
MFE-Mediaforeurope has a total shareholder equity of €2.9B and total debt of €981.7M, which brings its debt-to-equity ratio to 34.2%. Its total assets and total liabilities are €5.0B and €2.1B respectively. MFE-Mediaforeurope's EBIT is €306.9M making its interest coverage ratio 12. It has cash and short-term investments of €175.3M.
Key information
34.2%
Debt to equity ratio
€981.70m
Debt
Interest coverage ratio | 12x |
Cash | €175.30m |
Equity | €2.87b |
Total liabilities | €2.13b |
Total assets | €5.01b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: MFE2's short term assets (€1.3B) exceed its short term liabilities (€1.2B).
Long Term Liabilities: MFE2's short term assets (€1.3B) exceed its long term liabilities (€964.6M).
Debt to Equity History and Analysis
Debt Level: MFE2's net debt to equity ratio (28.1%) is considered satisfactory.
Reducing Debt: MFE2's debt to equity ratio has reduced from 40.5% to 34.2% over the past 5 years.
Debt Coverage: MFE2's debt is well covered by operating cash flow (78.3%).
Interest Coverage: MFE2's interest payments on its debt are well covered by EBIT (12x coverage).