Koninklijke Philips Balance Sheet Health
Financial Health criteria checks 4/6
Koninklijke Philips has a total shareholder equity of €11.9B and total debt of €8.3B, which brings its debt-to-equity ratio to 69.4%. Its total assets and total liabilities are €29.5B and €17.6B respectively. Koninklijke Philips's EBIT is €886.0M making its interest coverage ratio 4. It has cash and short-term investments of €1.8B.
Key information
69.4%
Debt to equity ratio
€8.27b
Debt
| Interest coverage ratio | 4x |
| Cash | €1.81b |
| Equity | €11.92b |
| Total liabilities | €17.56b |
| Total assets | €29.47b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: PHGN34's short term assets (€10.1B) exceed its short term liabilities (€8.8B).
Long Term Liabilities: PHGN34's short term assets (€10.1B) exceed its long term liabilities (€8.8B).
Debt to Equity History and Analysis
Debt Level: PHGN34's net debt to equity ratio (54.1%) is considered high.
Reducing Debt: PHGN34's debt to equity ratio has increased from 48.8% to 69.4% over the past 5 years.
Debt Coverage: PHGN34's debt is well covered by operating cash flow (21.8%).
Interest Coverage: PHGN34's interest payments on its debt are well covered by EBIT (4x coverage).