Rheinmetall AG

XTRA:RHM Stock Report

Market Cap: €74.9b

Rheinmetall Balance Sheet Health

Financial Health criteria checks 6/6

Rheinmetall has a total shareholder equity of €4.9B and total debt of €2.0B, which brings its debt-to-equity ratio to 40.9%. Its total assets and total liabilities are €14.6B and €9.7B respectively. Rheinmetall's EBIT is €1.5B making its interest coverage ratio 13.6. It has cash and short-term investments of €352.0M.

Key information

40.88%

Debt to equity ratio

€2.01b

Debt

Interest coverage ratio13.6x
Cash€352.00m
Equity€4.91b
Total liabilities€9.68b
Total assets€14.59b

Recent financial health updates

Here's Why Rheinmetall (ETR:RHM) Can Manage Its Debt Responsibly

Jan 11
Here's Why Rheinmetall (ETR:RHM) Can Manage Its Debt Responsibly

Recent updates

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From 8 052 € to 300 € ?

450% in 5 yearsOn April 17, 2025, Armin Papperger, Rheinmetall's CEO, said he expects orders to grow 450% by 2030.Source: https://finance.yahoo.com/news/rheinmetall-ceo-expects-order-book-113644072.ht

Is Rheinmetall AG (ETR:RHM) Trading At A 28% Discount?

Jun 27
Is Rheinmetall AG (ETR:RHM) Trading At A 28% Discount?

Shareholders Will Be Pleased With The Quality of Rheinmetall's (ETR:RHM) Earnings

May 15
Shareholders Will Be Pleased With The Quality of Rheinmetall's (ETR:RHM) Earnings

Market Participants Recognise Rheinmetall AG's (ETR:RHM) Revenues Pushing Shares 28% Higher

May 06
Market Participants Recognise Rheinmetall AG's (ETR:RHM) Revenues Pushing Shares 28% Higher
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Rheinmetall could get 20-25% of EU-NATO 3%-GDP defence spending

If European NATO members would raise their military spending to ~3% of their GDP, this would mean a combined yearly spending of over 500b€.Rheinmetall management assumed on 12th March 2025 that 20% to

Rheinmetall AG (ETR:RHM) Stocks Shoot Up 48% But Its P/E Still Looks Reasonable

Mar 20
Rheinmetall AG (ETR:RHM) Stocks Shoot Up 48% But Its P/E Still Looks Reasonable

Weekly Picks: 💊 Novo Nordisk’s breakout, Nike’s reinvention, and Rheinmetall's opportunity

Mar 19
Weekly Picks: 💊 Novo Nordisk’s breakout, Nike’s reinvention, and Rheinmetall's opportunity

Is There An Opportunity With Rheinmetall AG's (ETR:RHM) 22% Undervaluation?

Mar 04
Is There An Opportunity With Rheinmetall AG's (ETR:RHM) 22% Undervaluation?

Earnings Tell The Story For Rheinmetall AG (ETR:RHM) As Its Stock Soars 25%

Feb 02
Earnings Tell The Story For Rheinmetall AG (ETR:RHM) As Its Stock Soars 25%

Here's Why Rheinmetall (ETR:RHM) Can Manage Its Debt Responsibly

Jan 11
Here's Why Rheinmetall (ETR:RHM) Can Manage Its Debt Responsibly

Do Rheinmetall's (ETR:RHM) Earnings Warrant Your Attention?

Dec 20
Do Rheinmetall's (ETR:RHM) Earnings Warrant Your Attention?

Rheinmetall AG's (ETR:RHM) 27% Jump Shows Its Popularity With Investors

Nov 29
Rheinmetall AG's (ETR:RHM) 27% Jump Shows Its Popularity With Investors
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Calculated Defense Alliances Propel Impressive Growth And Profitability

Strategic alliances and joint ventures are set to amplify technological advancements, revenue, and profitability.

Getting In Cheap On Rheinmetall AG (ETR:RHM) Might Be Difficult

Oct 13
Getting In Cheap On Rheinmetall AG (ETR:RHM) Might Be Difficult

We Ran A Stock Scan For Earnings Growth And Rheinmetall (ETR:RHM) Passed With Ease

Sep 01
We Ran A Stock Scan For Earnings Growth And Rheinmetall (ETR:RHM) Passed With Ease

Financial Position Analysis

Short Term Liabilities: RHM's short term assets (€8.4B) exceed its short term liabilities (€7.3B).

Long Term Liabilities: RHM's short term assets (€8.4B) exceed its long term liabilities (€2.4B).

Debt to Equity History and Analysis

Debt Level: RHM's net debt to equity ratio (33.7%) is considered satisfactory.

Reducing Debt: RHM's debt to equity ratio has reduced from 63.5% to 40.9% over the past 5 years.

Debt Coverage: RHM's debt is well covered by operating cash flow (61.6%).

Interest Coverage: RHM's interest payments on its debt are well covered by EBIT (13.6x coverage).

Balance Sheet

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Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2025/08/28 17:19
End of Day Share Price 2025/08/28 00:00
Earnings2025/06/30
Annual Earnings2024/12/31

Data Sources

The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.

PackageDataTimeframeExample US Source *
Company Financials10 years
  • Income statement
  • Cash flow statement
  • Balance sheet
Analyst Consensus Estimates+3 years
  • Forecast financials
  • Analyst price targets
Market Prices30 years
  • Stock prices
  • Dividends, Splits and Actions
Ownership10 years
  • Top shareholders
  • Insider trading
Management10 years
  • Leadership team
  • Board of directors
Key Developments10 years
  • Company announcements

* Example for US securities, for non-US equivalent regulatory forms and sources are used.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more.

Analysis Model and Snowflake

Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.

Learn about the world class team who designed and built the Simply Wall St analysis model.

Industry and Sector Metrics

Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on Github.

Analyst Sources

Rheinmetall AG is covered by 42 analysts. 14 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

AnalystInstitution
Charlotte KeyworthBarclays
George McwhirterBerenberg
Stefan AugustinBHF-Bank Aktiengesellschaft