Sixt Balance Sheet Health
Financial Health criteria checks 4/6
Sixt has a total shareholder equity of €2.0B and total debt of €3.2B, which brings its debt-to-equity ratio to 161.8%. Its total assets and total liabilities are €6.9B and €4.9B respectively. Sixt's EBIT is €561.7M making its interest coverage ratio 4.5. It has cash and short-term investments of €32.9M.
Key information
161.8%
Debt to equity ratio
€3.24b
Debt
Interest coverage ratio | 4.5x |
Cash | €32.92m |
Equity | €2.00b |
Total liabilities | €4.88b |
Total assets | €6.88b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: SIX2's short term assets (€5.9B) exceed its short term liabilities (€2.3B).
Long Term Liabilities: SIX2's short term assets (€5.9B) exceed its long term liabilities (€2.6B).
Debt to Equity History and Analysis
Debt Level: SIX2's net debt to equity ratio (160.2%) is considered high.
Reducing Debt: SIX2's debt to equity ratio has reduced from 218.6% to 161.8% over the past 5 years.
Debt Coverage: SIX2's operating cash flow is negative, therefore debt is not well covered.
Interest Coverage: SIX2's interest payments on its debt are well covered by EBIT (4.5x coverage).