Cenergy Holdings Balance Sheet Health
Financial Health criteria checks 4/6
Cenergy Holdings has a total shareholder equity of €449.9M and total debt of €649.8M, which brings its debt-to-equity ratio to 144.4%. Its total assets and total liabilities are €2.0B and €1.5B respectively. Cenergy Holdings's EBIT is €232.8M making its interest coverage ratio 3.5. It has cash and short-term investments of €157.5M.
Key information
144.4%
Debt to equity ratio
€649.78m
Debt
| Interest coverage ratio | 3.5x |
| Cash | €157.55m |
| Equity | €449.91m |
| Total liabilities | €1.50b |
| Total assets | €1.95b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: 9CN's short term assets (€1.1B) do not cover its short term liabilities (€1.1B).
Long Term Liabilities: 9CN's short term assets (€1.1B) exceed its long term liabilities (€359.6M).
Debt to Equity History and Analysis
Debt Level: 9CN's net debt to equity ratio (109.4%) is considered high.
Reducing Debt: 9CN's debt to equity ratio has reduced from 215% to 144.4% over the past 5 years.
Debt Coverage: 9CN's debt is well covered by operating cash flow (37.2%).
Interest Coverage: 9CN's interest payments on its debt are well covered by EBIT (3.5x coverage).