Piaggio & C Balance Sheet Health
Financial Health criteria checks 3/6
Piaggio & C has a total shareholder equity of €406.8M and total debt of €672.9M, which brings its debt-to-equity ratio to 165.4%. Its total assets and total liabilities are €2.0B and €1.6B respectively. Piaggio & C's EBIT is €152.6M making its interest coverage ratio 3.2. It has cash and short-term investments of €240.0M.
Key information
165.4%
Debt to equity ratio
€672.91m
Debt
| Interest coverage ratio | 3.2x |
| Cash | €239.98m |
| Equity | €406.83m |
| Total liabilities | €1.56b |
| Total assets | €1.97b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: P1I's short term assets (€780.3M) do not cover its short term liabilities (€963.3M).
Long Term Liabilities: P1I's short term assets (€780.3M) exceed its long term liabilities (€600.8M).
Debt to Equity History and Analysis
Debt Level: P1I's net debt to equity ratio (106.4%) is considered high.
Reducing Debt: P1I's debt to equity ratio has increased from 154.2% to 165.4% over the past 5 years.
Debt Coverage: P1I's debt is well covered by operating cash flow (27.3%).
Interest Coverage: P1I's interest payments on its debt are well covered by EBIT (3.2x coverage).