Knorr-Bremse Balance Sheet Health
Financial Health criteria checks 6/6
Knorr-Bremse has a total shareholder equity of €2.9B and total debt of €1.5B, which brings its debt-to-equity ratio to 52.7%. Its total assets and total liabilities are €8.2B and €5.3B respectively. Knorr-Bremse's EBIT is €886.3M making its interest coverage ratio 12.8. It has cash and short-term investments of €1.3B.
Key information
52.7%
Debt to equity ratio
€1.53b
Debt
Interest coverage ratio | 12.8x |
Cash | €1.29b |
Equity | €2.90b |
Total liabilities | €5.35b |
Total assets | €8.25b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: KBX's short term assets (€4.5B) exceed its short term liabilities (€2.6B).
Long Term Liabilities: KBX's short term assets (€4.5B) exceed its long term liabilities (€2.8B).
Debt to Equity History and Analysis
Debt Level: KBX's net debt to equity ratio (8.3%) is considered satisfactory.
Reducing Debt: KBX's debt to equity ratio has reduced from 91.9% to 52.7% over the past 5 years.
Debt Coverage: KBX's debt is well covered by operating cash flow (59.7%).
Interest Coverage: KBX's interest payments on its debt are well covered by EBIT (12.8x coverage).