Mytilineos Balance Sheet Health
Financial Health criteria checks 3/6
Mytilineos has a total shareholder equity of €2.7B and total debt of €2.6B, which brings its debt-to-equity ratio to 98.6%. Its total assets and total liabilities are €8.2B and €5.5B respectively. Mytilineos's EBIT is €890.5M making its interest coverage ratio 11.7. It has cash and short-term investments of €941.0M.
Key information
98.6%
Debt to equity ratio
€2.63b
Debt
Interest coverage ratio | 11.7x |
Cash | €940.95m |
Equity | €2.67b |
Total liabilities | €5.54b |
Total assets | €8.21b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: MYH's short term assets (€5.0B) exceed its short term liabilities (€2.9B).
Long Term Liabilities: MYH's short term assets (€5.0B) exceed its long term liabilities (€2.6B).
Debt to Equity History and Analysis
Debt Level: MYH's net debt to equity ratio (63.3%) is considered high.
Reducing Debt: MYH's debt to equity ratio has increased from 38.3% to 98.6% over the past 5 years.
Debt Coverage: MYH's debt is not well covered by operating cash flow (5.9%).
Interest Coverage: MYH's interest payments on its debt are well covered by EBIT (11.7x coverage).