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Fortum Oyj Balance Sheet Health
Financial Health criteria checks 2/6
Fortum Oyj has a total shareholder equity of €1.3B and total debt of €13.7B, which brings its debt-to-equity ratio to 1045.5%. Its total assets and total liabilities are €231.7B and €230.4B respectively. Fortum Oyj's EBIT is €1.5B making its interest coverage ratio 22.3. It has cash and short-term investments of €4.9B.
Key information
1,045.5%
Debt to equity ratio
€13.72b
Debt
| Interest coverage ratio | 22.3x |
| Cash | €4.88b |
| Equity | €1.31b |
| Total liabilities | €230.36b |
| Total assets | €231.67b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: FOT's short term assets (€138.4B) do not cover its short term liabilities (€153.8B).
Long Term Liabilities: FOT's short term assets (€138.4B) exceed its long term liabilities (€76.5B).
Debt to Equity History and Analysis
Debt Level: FOT's net debt to equity ratio (673.9%) is considered high.
Reducing Debt: FOT's debt to equity ratio has increased from 38% to 1045.5% over the past 5 years.
Debt Coverage: FOT's debt is not well covered by operating cash flow (18.9%).
Interest Coverage: FOT's interest payments on its debt are well covered by EBIT (22.3x coverage).