Eurofins Scientific Balance Sheet Health
Financial Health criteria checks 4/6
Eurofins Scientific has a total shareholder equity of €5.1B and total debt of €3.3B, which brings its debt-to-equity ratio to 65.2%. Its total assets and total liabilities are €10.9B and €5.8B respectively. Eurofins Scientific's EBIT is €717.0M making its interest coverage ratio 5.8. It has cash and short-term investments of €1.2B.
Key information
65.2%
Debt to equity ratio
€3.35b
Debt
Interest coverage ratio | 5.8x |
Cash | €1.23b |
Equity | €5.14b |
Total liabilities | €5.75b |
Total assets | €10.89b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: ESF's short term assets (€3.1B) exceed its short term liabilities (€2.1B).
Long Term Liabilities: ESF's short term assets (€3.1B) do not cover its long term liabilities (€3.6B).
Debt to Equity History and Analysis
Debt Level: ESF's net debt to equity ratio (41.3%) is considered high.
Reducing Debt: ESF's debt to equity ratio has reduced from 114.2% to 65.2% over the past 5 years.
Debt Coverage: ESF's debt is well covered by operating cash flow (30.4%).
Interest Coverage: ESF's interest payments on its debt are well covered by EBIT (5.8x coverage).