Fluxys Belgium Balance Sheet Health
Financial Health criteria checks 2/6
Fluxys Belgium has a total shareholder equity of €613.4M and total debt of €2.4B, which brings its debt-to-equity ratio to 384.4%. Its total assets and total liabilities are €3.4B and €2.7B respectively. Fluxys Belgium's EBIT is €129.6M making its interest coverage ratio 4.3. It has cash and short-term investments of €1.1B.
Key information
384.4%
Debt to equity ratio
€2.36b
Debt
| Interest coverage ratio | 4.3x |
| Cash | €1.10b |
| Equity | €613.41m |
| Total liabilities | €2.75b |
| Total assets | €3.36b |
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 (€447.6M).
Long Term Liabilities: 59FE's short term assets (€1.3B) do not cover its long term liabilities (€2.3B).
Debt to Equity History and Analysis
Debt Level: 59FE's net debt to equity ratio (204.8%) is considered high.
Reducing Debt: 59FE's debt to equity ratio has increased from 273.9% to 384.4% over the past 5 years.
Debt Coverage: 59FE's debt is not well covered by operating cash flow (15.1%).
Interest Coverage: 59FE's interest payments on its debt are well covered by EBIT (4.3x coverage).