Snam Balance Sheet Health
Financial Health criteria checks 2/6
Snam has a total shareholder equity of €8.0B and total debt of €15.7B, which brings its debt-to-equity ratio to 196.3%. Its total assets and total liabilities are €24.7B and €16.7B respectively. Snam's EBIT is €1.6B making its interest coverage ratio 6.3. It has cash and short-term investments of €1.4B.
Key information
196.3%
Debt to equity ratio
€15.75b
Debt
Interest coverage ratio | 6.3x |
Cash | €1.38b |
Equity | €8.02b |
Total liabilities | €16.67b |
Total assets | €24.69b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: SNM's short term assets (€507.0M) do not cover its short term liabilities (€844.0M).
Long Term Liabilities: SNM's short term assets (€507.0M) do not cover its long term liabilities (€15.8B).
Debt to Equity History and Analysis
Debt Level: SNM's net debt to equity ratio (179%) is considered high.
Reducing Debt: SNM's debt to equity ratio has reduced from 211.3% to 196.3% over the past 5 years.
Debt Coverage: SNM's debt is not well covered by operating cash flow (0.4%).
Interest Coverage: SNM's interest payments on its debt are well covered by EBIT (6.3x coverage).