Heidelberg Materials Balance Sheet Health
Financial Health criteria checks 5/6
Heidelberg Materials has a total shareholder equity of €18.4B and total debt of €7.5B, which brings its debt-to-equity ratio to 41%. Its total assets and total liabilities are €35.5B and €17.1B respectively. Heidelberg Materials's EBIT is €2.7B making its interest coverage ratio 20.7. It has cash and short-term investments of €3.3B.
Key information
41.0%
Debt to equity ratio
€7.53b
Debt
Interest coverage ratio | 20.7x |
Cash | €3.30b |
Equity | €18.37b |
Total liabilities | €17.10b |
Total assets | €35.47b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: HEI's short term assets (€8.8B) exceed its short term liabilities (€7.4B).
Long Term Liabilities: HEI's short term assets (€8.8B) do not cover its long term liabilities (€9.7B).
Debt to Equity History and Analysis
Debt Level: HEI's net debt to equity ratio (23.1%) is considered satisfactory.
Reducing Debt: HEI's debt to equity ratio has reduced from 65.2% to 41% over the past 5 years.
Debt Coverage: HEI's debt is well covered by operating cash flow (42.6%).
Interest Coverage: HEI's interest payments on its debt are well covered by EBIT (20.7x coverage).