ALD Balance Sheet Health
Financial Health criteria checks 1/6
ALD has a total shareholder equity of €11.4B and total debt of €38.0B, which brings its debt-to-equity ratio to 335%. Its total assets and total liabilities are €70.3B and €58.9B respectively. ALD's EBIT is €2.2B making its interest coverage ratio 2.1. It has cash and short-term investments of €4.8B.
Key information
335.0%
Debt to equity ratio
€38.03b
Debt
Interest coverage ratio | 2.1x |
Cash | €4.84b |
Equity | €11.35b |
Total liabilities | €58.91b |
Total assets | €70.26b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: 3AL's short term assets (€16.5B) do not cover its short term liabilities (€25.1B).
Long Term Liabilities: 3AL's short term assets (€16.5B) do not cover its long term liabilities (€33.8B).
Debt to Equity History and Analysis
Debt Level: 3AL's net debt to equity ratio (292.4%) is considered high.
Reducing Debt: 3AL's debt to equity ratio has reduced from 459.2% to 335% over the past 5 years.
Debt Coverage: 3AL's operating cash flow is negative, therefore debt is not well covered.
Interest Coverage: 3AL's interest payments on its debt are not well covered by EBIT (2.1x coverage).