Phoenix Mecano Balance Sheet Health
Financial Health criteria checks 5/6
Phoenix Mecano has a total shareholder equity of €284.7M and total debt of €129.5M, which brings its debt-to-equity ratio to 45.5%. Its total assets and total liabilities are €601.4M and €316.7M respectively. Phoenix Mecano's EBIT is €58.1M making its interest coverage ratio 34.7. It has cash and short-term investments of €131.9M.
Key information
45.5%
Debt to equity ratio
€129.55m
Debt
| Interest coverage ratio | 34.7x |
| Cash | €131.87m |
| Equity | €284.71m |
| Total liabilities | €316.70m |
| Total assets | €601.41m |
Recent financial health updates
Recent updates
Investors Shouldn't Overlook Phoenix Mecano's (VTX:PMN) Impressive Returns On Capital
Nov 24
Phoenix Mecano (VTX:PM) Ticks All The Boxes When It Comes To Earnings Growth
Mar 04Is Phoenix Mecano AG (VTX:PM) An Attractive Dividend Stock?
Mar 18Does Phoenix Mecano's (VTX:PM) Statutory Profit Adequately Reflect Its Underlying Profit?
Feb 20These Metrics Don't Make Phoenix Mecano (VTX:PM) Look Too Strong
Jan 30
What Kind Of Shareholders Own Phoenix Mecano AG (VTX:PM)?
Jan 12What Type Of Returns Would Phoenix Mecano's(VTX:PM) Shareholders Have Earned If They Purchased Their SharesThree Years Ago?
Dec 22Zooming in on VTX:PM's 2.2% Dividend Yield
Dec 09We Think Phoenix Mecano (VTX:PM) Is Taking Some Risk With Its Debt
Nov 25Financial Position Analysis
Short Term Liabilities: PMN's short term assets (€422.5M) exceed its short term liabilities (€238.4M).
Long Term Liabilities: PMN's short term assets (€422.5M) exceed its long term liabilities (€78.3M).
Debt to Equity History and Analysis
Debt Level: PMN has more cash than its total debt.
Reducing Debt: PMN's debt to equity ratio has increased from 32.8% to 45.5% over the past 5 years.
Debt Coverage: PMN's debt is well covered by operating cash flow (69.5%).
Interest Coverage: PMN's interest payments on its debt are well covered by EBIT (34.7x coverage).