Fluxys Belgium Balance Sheet Health
Financial Health criteria checks 3/6
Fluxys Belgium has a total shareholder equity of €561.0M and total debt of €2.4B, which brings its debt-to-equity ratio to 423.7%. Its total assets and total liabilities are €3.3B and €2.8B respectively. Fluxys Belgium's EBIT is €123.2M making its interest coverage ratio 5.3. It has cash and short-term investments of €1.1B.
Key information
423.7%
Debt to equity ratio
€2.38b
Debt
| Interest coverage ratio | 5.3x |
| Cash | €1.12b |
| Equity | €560.96m |
| Total liabilities | €2.77b |
| Total assets | €3.33b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: 59FE's short term assets (€1.3B) exceed its short term liabilities (€365.4M).
Long Term Liabilities: 59FE's short term assets (€1.3B) do not cover its long term liabilities (€2.4B).
Debt to Equity History and Analysis
Debt Level: 59FE's net debt to equity ratio (224.6%) is considered high.
Reducing Debt: 59FE's debt to equity ratio has increased from 302.6% to 423.7% over the past 5 years.
Debt Coverage: 59FE's debt is well covered by operating cash flow (21.3%).
Interest Coverage: 59FE's interest payments on its debt are well covered by EBIT (5.3x coverage).