Voestalpine Balance Sheet Health
Financial Health criteria checks 6/6
Voestalpine has a total shareholder equity of €7.4B and total debt of €3.3B, which brings its debt-to-equity ratio to 44.3%. Its total assets and total liabilities are €15.3B and €7.9B respectively. Voestalpine's EBIT is €664.2M making its interest coverage ratio 3.9. It has cash and short-term investments of €444.3M.
Key information
44.3%
Debt to equity ratio
€3.29b
Debt
| Interest coverage ratio | 3.9x |
| Cash | €444.30m |
| Equity | €7.43b |
| Total liabilities | €7.90b |
| Total assets | €15.33b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: VOE's short term assets (€7.4B) exceed its short term liabilities (€5.3B).
Long Term Liabilities: VOE's short term assets (€7.4B) exceed its long term liabilities (€2.6B).
Debt to Equity History and Analysis
Debt Level: VOE's net debt to equity ratio (38.4%) is considered satisfactory.
Reducing Debt: VOE's debt to equity ratio has reduced from 88% to 44.3% over the past 5 years.
Debt Coverage: VOE's debt is well covered by operating cash flow (42.6%).
Interest Coverage: VOE's interest payments on its debt are well covered by EBIT (3.9x coverage).