Sixt Balance Sheet Health
Financial Health criteria checks 4/6
Sixt has a total shareholder equity of €2.0B and total debt of €3.9B, which brings its debt-to-equity ratio to 196.5%. Its total assets and total liabilities are €7.2B and €5.2B respectively. Sixt's EBIT is €516.4M making its interest coverage ratio 3.5. It has cash and short-term investments of €8.1M.
Key information
196.5%
Debt to equity ratio
€3.95b
Debt
| Interest coverage ratio | 3.5x |
| Cash | €8.12m |
| Equity | €2.01b |
| Total liabilities | €5.21b |
| Total assets | €7.22b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: SIX2's short term assets (€6.2B) exceed its short term liabilities (€2.7B).
Long Term Liabilities: SIX2's short term assets (€6.2B) exceed its long term liabilities (€2.5B).
Debt to Equity History and Analysis
Debt Level: SIX2's net debt to equity ratio (196.1%) is considered high.
Reducing Debt: SIX2's debt to equity ratio has reduced from 235% to 196.5% over the past 5 years.
Debt Coverage: SIX2's debt is not well covered by operating cash flow (5.6%).
Interest Coverage: SIX2's interest payments on its debt are well covered by EBIT (3.5x coverage).