Phoenix Mecano Balance Sheet Health
Financial Health criteria checks 6/6
Phoenix Mecano has a total shareholder equity of €273.3M and total debt of €122.5M, which brings its debt-to-equity ratio to 44.8%. Its total assets and total liabilities are €599.1M and €325.8M respectively. Phoenix Mecano's EBIT is €54.1M making its interest coverage ratio 28.8. It has cash and short-term investments of €86.2M.
Key information
44.8%
Debt to equity ratio
€122.50m
Debt
| Interest coverage ratio | 28.8x |
| Cash | €86.20m |
| Equity | €273.30m |
| Total liabilities | €325.80m |
| Total assets | €599.10m |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: PMNE's short term assets (€407.1M) exceed its short term liabilities (€249.9M).
Long Term Liabilities: PMNE's short term assets (€407.1M) exceed its long term liabilities (€75.9M).
Debt to Equity History and Analysis
Debt Level: PMNE's net debt to equity ratio (13.3%) is considered satisfactory.
Reducing Debt: PMNE's debt to equity ratio has reduced from 62.6% to 44.8% over the past 5 years.
Debt Coverage: PMNE's debt is well covered by operating cash flow (55.1%).
Interest Coverage: PMNE's interest payments on its debt are well covered by EBIT (28.8x coverage).