Cargotec Balance Sheet Health
Financial Health criteria checks 6/6
Cargotec has a total shareholder equity of €1.8B and total debt of €276.6M, which brings its debt-to-equity ratio to 15.3%. Its total assets and total liabilities are €4.3B and €2.5B respectively. Cargotec's EBIT is €509.3M making its interest coverage ratio 46.7. It has cash and short-term investments of €458.2M.
Key information
15.3%
Debt to equity ratio
€276.60m
Debt
Interest coverage ratio | 46.7x |
Cash | €458.20m |
Equity | €1.80b |
Total liabilities | €2.51b |
Total assets | €4.31b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: C1C1's short term assets (€3.3B) exceed its short term liabilities (€2.2B).
Long Term Liabilities: C1C1's short term assets (€3.3B) exceed its long term liabilities (€316.9M).
Debt to Equity History and Analysis
Debt Level: C1C1 has more cash than its total debt.
Reducing Debt: C1C1's debt to equity ratio has reduced from 62.8% to 15.3% over the past 5 years.
Debt Coverage: C1C1's debt is well covered by operating cash flow (205.1%).
Interest Coverage: C1C1's interest payments on its debt are well covered by EBIT (46.7x coverage).