Azelis Group Balance Sheet Health
Financial Health criteria checks 4/6
Azelis Group has a total shareholder equity of €2.7B and total debt of €1.6B, which brings its debt-to-equity ratio to 61.6%. Its total assets and total liabilities are €5.6B and €2.9B respectively. Azelis Group's EBIT is €392.7M making its interest coverage ratio 4.4. It has cash and short-term investments of €484.9M.
Key information
61.6%
Debt to equity ratio
€1.65b
Debt
Interest coverage ratio | 4.4x |
Cash | €484.87m |
Equity | €2.68b |
Total liabilities | €2.90b |
Total assets | €5.57b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: 2R7's short term assets (€1.6B) exceed its short term liabilities (€939.8M).
Long Term Liabilities: 2R7's short term assets (€1.6B) do not cover its long term liabilities (€2.0B).
Debt to Equity History and Analysis
Debt Level: 2R7's net debt to equity ratio (43.5%) is considered high.
Reducing Debt: 2R7's debt to equity ratio has reduced from 84.7% to 61.6% over the past 5 years.
Debt Coverage: 2R7's debt is well covered by operating cash flow (31.8%).
Interest Coverage: 2R7's interest payments on its debt are well covered by EBIT (4.4x coverage).