Eurofins Scientific Balance Sheet Health
Financial Health criteria checks 4/6
Eurofins Scientific has a total shareholder equity of €4.9B and total debt of €2.8B, which brings its debt-to-equity ratio to 57.7%. Its total assets and total liabilities are €10.1B and €5.2B respectively. Eurofins Scientific's EBIT is €908.7M making its interest coverage ratio 9.9. It has cash and short-term investments of €492.2M.
Key information
57.7%
Debt to equity ratio
€2.80b
Debt
Interest coverage ratio | 9.9x |
Cash | €492.20m |
Equity | €4.85b |
Total liabilities | €5.23b |
Total assets | €10.08b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: ESF's short term assets (€2.3B) exceed its short term liabilities (€1.8B).
Long Term Liabilities: ESF's short term assets (€2.3B) do not cover its long term liabilities (€3.5B).
Debt to Equity History and Analysis
Debt Level: ESF's net debt to equity ratio (47.5%) is considered high.
Reducing Debt: ESF's debt to equity ratio has reduced from 88.6% to 57.7% over the past 5 years.
Debt Coverage: ESF's debt is well covered by operating cash flow (40.6%).
Interest Coverage: ESF's interest payments on its debt are well covered by EBIT (9.9x coverage).