Fortum Oyj Balance Sheet Health
Financial Health criteria checks 4/6
Fortum Oyj has a total shareholder equity of €9.8B and total debt of €6.3B, which brings its debt-to-equity ratio to 64.2%. Its total assets and total liabilities are €21.3B and €11.5B respectively. Fortum Oyj's EBIT is €2.3B making its interest coverage ratio 17.3. It has cash and short-term investments of €3.9B.
Key information
64.2%
Debt to equity ratio
€6.29b
Debt
| Interest coverage ratio | 17.3x |
| Cash | €3.91b |
| Equity | €9.79b |
| Total liabilities | €11.54b |
| Total assets | €21.33b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: FOT's short term assets (€8.9B) exceed its short term liabilities (€5.8B).
Long Term Liabilities: FOT's short term assets (€8.9B) exceed its long term liabilities (€5.8B).
Debt to Equity History and Analysis
Debt Level: FOT's net debt to equity ratio (24.3%) is considered satisfactory.
Reducing Debt: FOT's debt to equity ratio has increased from 36.2% to 64.2% over the past 5 years.
Debt Coverage: FOT's operating cash flow is negative, therefore debt is not well covered.
Interest Coverage: FOT's interest payments on its debt are well covered by EBIT (17.3x coverage).