Bureau Veritas Balance Sheet Health
Financial Health criteria checks 5/6
Bureau Veritas has a total shareholder equity of €2.0B and total debt of €2.1B, which brings its debt-to-equity ratio to 105.9%. Its total assets and total liabilities are €6.6B and €4.7B respectively. Bureau Veritas's EBIT is €880.3M making its interest coverage ratio 21.5. It has cash and short-term investments of €1.2B.
Key information
105.9%
Debt to equity ratio
€2.11b
Debt
Interest coverage ratio | 21.5x |
Cash | €1.18b |
Equity | €1.99b |
Total liabilities | €4.65b |
Total assets | €6.64b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: 4BV's short term assets (€3.1B) exceed its short term liabilities (€1.9B).
Long Term Liabilities: 4BV's short term assets (€3.1B) exceed its long term liabilities (€2.8B).
Debt to Equity History and Analysis
Debt Level: 4BV's net debt to equity ratio (46.9%) is considered high.
Reducing Debt: 4BV's debt to equity ratio has reduced from 313.1% to 105.9% over the past 5 years.
Debt Coverage: 4BV's debt is well covered by operating cash flow (38.8%).
Interest Coverage: 4BV's interest payments on its debt are well covered by EBIT (21.5x coverage).