Salzgitter Balance Sheet Health
Financial Health criteria checks 4/6
Salzgitter has a total shareholder equity of €4.8B and total debt of €1.2B, which brings its debt-to-equity ratio to 24%. Its total assets and total liabilities are €10.5B and €5.7B respectively. Salzgitter's EBIT is €45.4M making its interest coverage ratio 0.9. It has cash and short-term investments of €939.7M.
Key information
24.0%
Debt to equity ratio
€1.16b
Debt
Interest coverage ratio | 0.9x |
Cash | €939.70m |
Equity | €4.83b |
Total liabilities | €5.67b |
Total assets | €10.50b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: SZG's short term assets (€5.9B) exceed its short term liabilities (€3.3B).
Long Term Liabilities: SZG's short term assets (€5.9B) exceed its long term liabilities (€2.4B).
Debt to Equity History and Analysis
Debt Level: SZG's net debt to equity ratio (4.6%) is considered satisfactory.
Reducing Debt: SZG's debt to equity ratio has increased from 20.7% to 24% over the past 5 years.
Debt Coverage: SZG's debt is well covered by operating cash flow (76.9%).
Interest Coverage: SZG's interest payments on its debt are not well covered by EBIT (0.9x coverage).