Leonardo Balance Sheet Health
Financial Health criteria checks 5/6
Leonardo has a total shareholder equity of €9.5B and total debt of €3.7B, which brings its debt-to-equity ratio to 39.1%. Its total assets and total liabilities are €21.7B and €12.1B respectively. Leonardo's EBIT is €1.3B making its interest coverage ratio 17.5. It has cash and short-term investments of €885.0M.
Key information
39.1%
Debt to equity ratio
€3.74b
Debt
| Interest coverage ratio | 17.5x |
| Cash | €885.00m |
| Equity | €9.55b |
| Total liabilities | €12.13b |
| Total assets | €21.67b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: FMN's short term assets (€6.6B) do not cover its short term liabilities (€7.4B).
Long Term Liabilities: FMN's short term assets (€6.6B) exceed its long term liabilities (€4.7B).
Debt to Equity History and Analysis
Debt Level: FMN's net debt to equity ratio (29.9%) is considered satisfactory.
Reducing Debt: FMN's debt to equity ratio has reduced from 112% to 39.1% over the past 5 years.
Debt Coverage: FMN's debt is well covered by operating cash flow (35.4%).
Interest Coverage: FMN's interest payments on its debt are well covered by EBIT (17.5x coverage).