Acerinox Balance Sheet Health
Financial Health criteria checks 5/6
Acerinox has a total shareholder equity of €2.5B and total debt of €2.1B, which brings its debt-to-equity ratio to 86.7%. Its total assets and total liabilities are €6.1B and €3.6B respectively. Acerinox's EBIT is €550.8M making its interest coverage ratio 25.7. It has cash and short-term investments of €1.8B.
Key information
86.7%
Debt to equity ratio
€2.13b
Debt
Interest coverage ratio | 25.7x |
Cash | €1.82b |
Equity | €2.46b |
Total liabilities | €3.64b |
Total assets | €6.10b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: ACE1's short term assets (€4.3B) exceed its short term liabilities (€1.9B).
Long Term Liabilities: ACE1's short term assets (€4.3B) exceed its long term liabilities (€1.7B).
Debt to Equity History and Analysis
Debt Level: ACE1's net debt to equity ratio (12.7%) is considered satisfactory.
Reducing Debt: ACE1's debt to equity ratio has increased from 66.6% to 86.7% over the past 5 years.
Debt Coverage: ACE1's debt is well covered by operating cash flow (22.6%).
Interest Coverage: ACE1's interest payments on its debt are well covered by EBIT (25.7x coverage).