Danone Balance Sheet Health
Financial Health criteria checks 3/6
Danone has a total shareholder equity of €16.8B and total debt of €15.5B, which brings its debt-to-equity ratio to 92.1%. Its total assets and total liabilities are €45.4B and €28.6B respectively. Danone's EBIT is €3.5B making its interest coverage ratio 18.1. It has cash and short-term investments of €6.3B.
Key information
92.1%
Debt to equity ratio
€15.48b
Debt
| Interest coverage ratio | 18.1x |
| Cash | €6.27b |
| Equity | €16.80b |
| Total liabilities | €28.59b |
| Total assets | €45.39b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: DAN's short term assets (€13.3B) do not cover its short term liabilities (€14.6B).
Long Term Liabilities: DAN's short term assets (€13.3B) do not cover its long term liabilities (€14.0B).
Debt to Equity History and Analysis
Debt Level: DAN's net debt to equity ratio (54.8%) is considered high.
Reducing Debt: DAN's debt to equity ratio has reduced from 111.8% to 92.1% over the past 5 years.
Debt Coverage: DAN's debt is well covered by operating cash flow (22.8%).
Interest Coverage: DAN's interest payments on its debt are well covered by EBIT (18.1x coverage).