Drägerwerk KGaA Balance Sheet Health
Financial Health criteria checks 5/6
Drägerwerk KGaA has a total shareholder equity of €1.4B and total debt of €342.7M, which brings its debt-to-equity ratio to 23.8%. Its total assets and total liabilities are €3.0B and €1.6B respectively. Drägerwerk KGaA's EBIT is €174.5M making its interest coverage ratio 10. It has cash and short-term investments of €190.7M.
Key information
23.8%
Debt to equity ratio
€342.68m
Debt
| Interest coverage ratio | 10x |
| Cash | €190.74m |
| Equity | €1.44b |
| Total liabilities | €1.59b |
| Total assets | €3.03b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: DRW3's short term assets (€1.8B) exceed its short term liabilities (€964.8M).
Long Term Liabilities: DRW3's short term assets (€1.8B) exceed its long term liabilities (€624.4M).
Debt to Equity History and Analysis
Debt Level: DRW3's net debt to equity ratio (10.5%) is considered satisfactory.
Reducing Debt: DRW3's debt to equity ratio has increased from 22.1% to 23.8% over the past 5 years.
Debt Coverage: DRW3's debt is well covered by operating cash flow (55.9%).
Interest Coverage: DRW3's interest payments on its debt are well covered by EBIT (10x coverage).