SES Balance Sheet Health
Financial Health criteria checks 4/6
SES has a total shareholder equity of €3.8B and total debt of €4.2B, which brings its debt-to-equity ratio to 110.7%. Its total assets and total liabilities are €10.2B and €6.4B respectively. SES's EBIT is €357.0M making its interest coverage ratio 6.5. It has cash and short-term investments of €2.9B.
Key information
110.7%
Debt to equity ratio
€4.16b
Debt
Interest coverage ratio | 6.5x |
Cash | €2.91b |
Equity | €3.76b |
Total liabilities | €6.43b |
Total assets | €10.18b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: SES's short term assets (€3.9B) exceed its short term liabilities (€2.0B).
Long Term Liabilities: SES's short term assets (€3.9B) do not cover its long term liabilities (€4.4B).
Debt to Equity History and Analysis
Debt Level: SES's net debt to equity ratio (33.3%) is considered satisfactory.
Reducing Debt: SES's debt to equity ratio has increased from 70.2% to 110.7% over the past 5 years.
Debt Coverage: SES's debt is well covered by operating cash flow (83.6%).
Interest Coverage: SES's interest payments on its debt are well covered by EBIT (6.5x coverage).