2G Energy Balance Sheet Health
Financial Health criteria checks 6/6
2G Energy has a total shareholder equity of €123.8M and total debt of €9.6M, which brings its debt-to-equity ratio to 7.8%. Its total assets and total liabilities are €232.7M and €108.9M respectively. 2G Energy's EBIT is €27.4M making its interest coverage ratio 44.7. It has cash and short-term investments of €11.1M.
Key information
7.8%
Debt to equity ratio
€9.63m
Debt
| Interest coverage ratio | 44.7x |
| Cash | €11.08m |
| Equity | €123.82m |
| Total liabilities | €108.92m |
| Total assets | €232.74m |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: 2GB's short term assets (€189.9M) exceed its short term liabilities (€92.8M).
Long Term Liabilities: 2GB's short term assets (€189.9M) exceed its long term liabilities (€16.2M).
Debt to Equity History and Analysis
Debt Level: 2GB has more cash than its total debt.
Reducing Debt: 2GB's debt to equity ratio has reduced from 26.4% to 7.8% over the past 5 years.
Debt Coverage: 2GB's debt is well covered by operating cash flow (170.5%).
Interest Coverage: 2GB's interest payments on its debt are well covered by EBIT (44.7x coverage).