FLSmidth Balance Sheet Health
Financial Health criteria checks 6/6
FLSmidth has a total shareholder equity of DKK11.1B and total debt of DKK2.4B, which brings its debt-to-equity ratio to 21.5%. Its total assets and total liabilities are DKK27.6B and DKK16.5B respectively. FLSmidth's EBIT is DKK1.9B making its interest coverage ratio -26.3. It has cash and short-term investments of DKK1.4B.
Key information
21.5%
Debt to equity ratio
DKK 2.38b
Debt
| Interest coverage ratio | -26.3x |
| Cash | DKK 1.43b |
| Equity | DKK 11.09b |
| Total liabilities | DKK 16.53b |
| Total assets | DKK 27.62b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: F6O1's short term assets (DKK14.5B) exceed its short term liabilities (DKK12.7B).
Long Term Liabilities: F6O1's short term assets (DKK14.5B) exceed its long term liabilities (DKK3.8B).
Debt to Equity History and Analysis
Debt Level: F6O1's net debt to equity ratio (8.6%) is considered satisfactory.
Reducing Debt: F6O1's debt to equity ratio has reduced from 36% to 21.5% over the past 5 years.
Debt Coverage: F6O1's debt is well covered by operating cash flow (39.9%).
Interest Coverage: F6O1 earns more interest than it pays, so coverage of interest payments is not a concern.