Maire Tecnimont Balance Sheet Health
Financial Health criteria checks 6/6
Maire Tecnimont has a total shareholder equity of €591.3M and total debt of €773.8M, which brings its debt-to-equity ratio to 130.9%. Its total assets and total liabilities are €6.3B and €5.7B respectively. Maire Tecnimont's EBIT is €208.6M making its interest coverage ratio 40.3. It has cash and short-term investments of €924.4M.
Key information
130.9%
Debt to equity ratio
€773.78m
Debt
Interest coverage ratio | 40.3x |
Cash | €924.40m |
Equity | €591.30m |
Total liabilities | €5.74b |
Total assets | €6.33b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: 3OY1's short term assets (€5.4B) exceed its short term liabilities (€4.9B).
Long Term Liabilities: 3OY1's short term assets (€5.4B) exceed its long term liabilities (€808.0M).
Debt to Equity History and Analysis
Debt Level: 3OY1 has more cash than its total debt.
Reducing Debt: 3OY1's debt to equity ratio has reduced from 166.7% to 130.9% over the past 5 years.
Debt Coverage: 3OY1's debt is well covered by operating cash flow (52.4%).
Interest Coverage: 3OY1's interest payments on its debt are well covered by EBIT (40.3x coverage).