Merck KGaA Balance Sheet Health
Financial Health criteria checks 5/6
Merck KGaA has a total shareholder equity of €26.8B and total debt of €9.4B, which brings its debt-to-equity ratio to 35.2%. Its total assets and total liabilities are €48.5B and €21.7B respectively. Merck KGaA's EBIT is €3.7B making its interest coverage ratio 42. It has cash and short-term investments of €2.4B.
Key information
35.2%
Debt to equity ratio
€9.43b
Debt
Interest coverage ratio | 42x |
Cash | €2.41b |
Equity | €26.76b |
Total liabilities | €21.74b |
Total assets | €48.50b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: MRKC's short term assets (€12.4B) exceed its short term liabilities (€8.7B).
Long Term Liabilities: MRKC's short term assets (€12.4B) do not cover its long term liabilities (€13.0B).
Debt to Equity History and Analysis
Debt Level: MRKC's net debt to equity ratio (26.2%) is considered satisfactory.
Reducing Debt: MRKC's debt to equity ratio has reduced from 51.6% to 35.2% over the past 5 years.
Debt Coverage: MRKC's debt is well covered by operating cash flow (40.1%).
Interest Coverage: MRKC's interest payments on its debt are well covered by EBIT (42x coverage).