CTS Eventim KGaA Balance Sheet Health
Financial Health criteria checks 6/6
CTS Eventim KGaA has a total shareholder equity of €1.0B and total debt of €3.2M, which brings its debt-to-equity ratio to 0.3%. Its total assets and total liabilities are €3.2B and €2.2B respectively. CTS Eventim KGaA's EBIT is €390.3M making its interest coverage ratio -15.5. It has cash and short-term investments of €1.7B.
Key information
0.3%
Debt to equity ratio
€3.23m
Debt
Interest coverage ratio | -15.5x |
Cash | €1.67b |
Equity | €1.01b |
Total liabilities | €2.18b |
Total assets | €3.20b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: EVD's short term assets (€2.1B) exceed its short term liabilities (€1.9B).
Long Term Liabilities: EVD's short term assets (€2.1B) exceed its long term liabilities (€235.0M).
Debt to Equity History and Analysis
Debt Level: EVD has more cash than its total debt.
Reducing Debt: EVD's debt to equity ratio has reduced from 17.7% to 0.3% over the past 5 years.
Debt Coverage: EVD's debt is well covered by operating cash flow (19526.5%).
Interest Coverage: EVD earns more interest than it pays, so coverage of interest payments is not a concern.