Enagás Balance Sheet Health
Financial Health criteria checks 3/6
Enagás has a total shareholder equity of €2.5B and total debt of €3.9B, which brings its debt-to-equity ratio to 154.9%. Its total assets and total liabilities are €8.5B and €6.0B respectively. Enagás's EBIT is €296.1M making its interest coverage ratio 3.1. It has cash and short-term investments of €1.2B.
Key information
154.9%
Debt to equity ratio
€3.95b
Debt
Interest coverage ratio | 3.1x |
Cash | €1.17b |
Equity | €2.55b |
Total liabilities | €5.98b |
Total assets | €8.53b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: EG4's short term assets (€2.5B) exceed its short term liabilities (€2.3B).
Long Term Liabilities: EG4's short term assets (€2.5B) do not cover its long term liabilities (€3.7B).
Debt to Equity History and Analysis
Debt Level: EG4's net debt to equity ratio (108.9%) is considered high.
Reducing Debt: EG4's debt to equity ratio has reduced from 181.1% to 154.9% over the past 5 years.
Debt Coverage: EG4's debt is not well covered by operating cash flow (15.3%).
Interest Coverage: EG4's interest payments on its debt are well covered by EBIT (3.1x coverage).