Sixt Balance Sheet Health
Financial Health criteria checks 4/6
Sixt has a total shareholder equity of €2.0B and total debt of €2.6B, which brings its debt-to-equity ratio to 130.6%. Its total assets and total liabilities are €6.4B and €4.4B respectively. Sixt's EBIT is €605.0M making its interest coverage ratio 5.5. It has cash and short-term investments of €5.9M.
Key information
130.6%
Debt to equity ratio
€2.62b
Debt
| Interest coverage ratio | 5.5x |
| Cash | €5.92m |
| Equity | €2.00b |
| Total liabilities | €4.45b |
| Total assets | €6.45b |
Recent financial health updates
Is Sixt (ETR:SIX2) A Risky Investment?
Feb 06
Here's Why Sixt (ETR:SIX2) Is Weighed Down By Its Debt Load
Oct 03Here's Why Sixt (ETR:SIX2) Has A Meaningful Debt Burden
Jun 12Sixt (ETR:SIX2) Has A Pretty Healthy Balance Sheet
Feb 23Is Sixt (ETR:SIX2) A Risky Investment?
Sep 30Is Sixt (ETR:SIX2) Using Too Much Debt?
Jun 12Recent updates
There Is A Reason Sixt SE's (ETR:SIX2) Price Is Undemanding
Apr 11Sixt SE's (ETR:SIX2) Intrinsic Value Is Potentially 20% Below Its Share Price
Mar 26Returns Are Gaining Momentum At Sixt (ETR:SIX2)
Feb 22Is Sixt (ETR:SIX2) A Risky Investment?
Feb 06What Is Sixt SE's (ETR:SIX2) Share Price Doing?
Jan 06Is Sixt SE (ETR:SIX2) Worth €98.1 Based On Its Intrinsic Value?
Dec 20There's Been No Shortage Of Growth Recently For Sixt's (ETR:SIX2) Returns On Capital
Nov 03Here's Why Sixt (ETR:SIX2) Is Weighed Down By Its Debt Load
Oct 03Is Sixt SE (ETR:SIX2) Expensive For A Reason? A Look At Its Intrinsic Value
Sep 15Returns On Capital Are Showing Encouraging Signs At Sixt (ETR:SIX2)
Jul 25Here's Why Sixt (ETR:SIX2) Has A Meaningful Debt Burden
Jun 12There's Been No Shortage Of Growth Recently For Sixt's (ETR:SIX2) Returns On Capital
Apr 06Sixt (ETR:SIX2) Has A Pretty Healthy Balance Sheet
Feb 23Is There Now An Opportunity In Sixt SE (ETR:SIX2)?
Jan 14We Like These Underlying Return On Capital Trends At Sixt (ETR:SIX2)
Dec 27Is Sixt (ETR:SIX2) A Risky Investment?
Sep 30Sixt (ETR:SIX2) Is Experiencing Growth In Returns On Capital
Jul 26Is Sixt (ETR:SIX2) Using Too Much Debt?
Jun 12Sixt (ETR:SIX2) Is Experiencing Growth In Returns On Capital
Apr 12Sixt (ETR:SIX2) Has A Pretty Healthy Balance Sheet
Feb 28Sixt (ETR:SIX2) Has More To Do To Multiply In Value Going Forward
Dec 28Capital Allocation Trends At Sixt (ETR:SIX2) Aren't Ideal
Sep 12Why Sixt's (ETR:SIX2) Earnings Are Better Than They Seem
Aug 19Sixt (ETR:SIX2) Is Making Moderate Use Of Debt
Aug 11Here's Why Sixt (ETR:SIX2) Has A Meaningful Debt Burden
Feb 17
Financial Position Analysis
Short Term Liabilities: SIX2's short term assets (€5.5B) exceed its short term liabilities (€2.2B).
Long Term Liabilities: SIX2's short term assets (€5.5B) exceed its long term liabilities (€2.2B).
Debt to Equity History and Analysis
Debt Level: SIX2's net debt to equity ratio (130.3%) is considered high.
Reducing Debt: SIX2's debt to equity ratio has reduced from 187.9% to 130.6% over the past 5 years.
Debt Coverage: SIX2's operating cash flow is negative, therefore debt is not well covered.
Interest Coverage: SIX2's interest payments on its debt are well covered by EBIT (5.5x coverage).