Motor Oil (Hellas) Corinth Refineries Balance Sheet Health
Financial Health criteria checks 4/6
Motor Oil (Hellas) Corinth Refineries has a total shareholder equity of €2.8B and total debt of €2.6B, which brings its debt-to-equity ratio to 94.7%. Its total assets and total liabilities are €7.6B and €4.8B respectively. Motor Oil (Hellas) Corinth Refineries's EBIT is €1.1B making its interest coverage ratio 15.8. It has cash and short-term investments of €1.3B.
Key information
94.7%
Debt to equity ratio
€2.63b
Debt
Interest coverage ratio | 15.8x |
Cash | €1.33b |
Equity | €2.77b |
Total liabilities | €4.80b |
Total assets | €7.57b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: MHZ's short term assets (€3.4B) exceed its short term liabilities (€1.8B).
Long Term Liabilities: MHZ's short term assets (€3.4B) exceed its long term liabilities (€3.0B).
Debt to Equity History and Analysis
Debt Level: MHZ's net debt to equity ratio (46.7%) is considered high.
Reducing Debt: MHZ's debt to equity ratio has increased from 83.6% to 94.7% over the past 5 years.
Debt Coverage: MHZ's debt is well covered by operating cash flow (30.9%).
Interest Coverage: MHZ's interest payments on its debt are well covered by EBIT (15.8x coverage).