Elia Group Balance Sheet Health
Financial Health criteria checks 1/6
Elia Group has a total shareholder equity of €5.7B and total debt of €12.5B, which brings its debt-to-equity ratio to 219.7%. Its total assets and total liabilities are €22.3B and €16.6B respectively. Elia Group's EBIT is €562.4M making its interest coverage ratio 4.5. It has cash and short-term investments of €2.5B.
Key information
219.7%
Debt to equity ratio
€12.47b
Debt
| Interest coverage ratio | 4.5x |
| Cash | €2.46b |
| Equity | €5.68b |
| Total liabilities | €16.59b |
| Total assets | €22.27b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: ELIA's short term assets (€3.6B) do not cover its short term liabilities (€4.2B).
Long Term Liabilities: ELIA's short term assets (€3.6B) do not cover its long term liabilities (€12.4B).
Debt to Equity History and Analysis
Debt Level: ELIA's net debt to equity ratio (176.4%) is considered high.
Reducing Debt: ELIA's debt to equity ratio has increased from 151.2% to 219.7% over the past 5 years.
Debt Coverage: ELIA's operating cash flow is negative, therefore debt is not well covered.
Interest Coverage: ELIA's interest payments on its debt are well covered by EBIT (4.5x coverage).