Compagnie Générale des Établissements Michelin Société en commandite par actions Balance Sheet Health
Financial Health criteria checks 5/6
Compagnie Générale des Établissements Michelin Société en commandite par actions has a total shareholder equity of €15.0B and total debt of €7.0B, which brings its debt-to-equity ratio to 47%. Its total assets and total liabilities are €34.7B and €19.7B respectively. Compagnie Générale des Établissements Michelin Société en commandite par actions's EBIT is €2.9B making its interest coverage ratio 14. It has cash and short-term investments of €4.9B.
Key information
47.0%
Debt to equity ratio
€7.04b
Debt
Interest coverage ratio | 14x |
Cash | €4.92b |
Equity | €14.97b |
Total liabilities | €19.73b |
Total assets | €34.70b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: ML's short term assets (€15.1B) exceed its short term liabilities (€9.0B).
Long Term Liabilities: ML's short term assets (€15.1B) exceed its long term liabilities (€10.7B).
Debt to Equity History and Analysis
Debt Level: ML's net debt to equity ratio (14.2%) is considered satisfactory.
Reducing Debt: ML's debt to equity ratio has increased from 27.7% to 47% over the past 5 years.
Debt Coverage: ML's debt is well covered by operating cash flow (41.3%).
Interest Coverage: ML's interest payments on its debt are well covered by EBIT (14x coverage).