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
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: SIX3's short term assets (€5.5B) exceed its short term liabilities (€2.2B).
Long Term Liabilities: SIX3's short term assets (€5.5B) exceed its long term liabilities (€2.2B).
Debt to Equity History and Analysis
Debt Level: SIX3's net debt to equity ratio (130.3%) is considered high.
Reducing Debt: SIX3's debt to equity ratio has reduced from 187.9% to 130.6% over the past 5 years.
Debt Coverage: SIX3's operating cash flow is negative, therefore debt is not well covered.
Interest Coverage: SIX3's interest payments on its debt are well covered by EBIT (5.5x coverage).