Cargotec Balance Sheet Health
Financial Health criteria checks 6/6
Cargotec has a total shareholder equity of €1.8B and total debt of €689.1M, which brings its debt-to-equity ratio to 39.3%. Its total assets and total liabilities are €4.4B and €2.6B respectively. Cargotec's EBIT is €484.4M making its interest coverage ratio 31.1. It has cash and short-term investments of €684.7M.
Key information
39.3%
Debt to equity ratio
€689.10m
Debt
Interest coverage ratio | 31.1x |
Cash | €684.70m |
Equity | €1.75b |
Total liabilities | €2.62b |
Total assets | €4.38b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: C1C's short term assets (€2.7B) exceed its short term liabilities (€1.7B).
Long Term Liabilities: C1C's short term assets (€2.7B) exceed its long term liabilities (€911.8M).
Debt to Equity History and Analysis
Debt Level: C1C's net debt to equity ratio (0.3%) is considered satisfactory.
Reducing Debt: C1C's debt to equity ratio has reduced from 63.8% to 39.3% over the past 5 years.
Debt Coverage: C1C's debt is well covered by operating cash flow (63.3%).
Interest Coverage: C1C's interest payments on its debt are well covered by EBIT (31.1x coverage).