Enagás Balance Sheet Health
Financial Health criteria checks 3/6
Enagás has a total shareholder equity of €2.6B and total debt of €3.3B, which brings its debt-to-equity ratio to 129.1%. Its total assets and total liabilities are €7.6B and €5.1B respectively. Enagás's EBIT is €298.1M making its interest coverage ratio 3.5. It has cash and short-term investments of €1.3B.
Key information
129.1%
Debt to equity ratio
€3.31b
Debt
| Interest coverage ratio | 3.5x |
| Cash | €1.27b |
| Equity | €2.56b |
| Total liabilities | €5.06b |
| Total assets | €7.63b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: EG40's short term assets (€1.7B) exceed its short term liabilities (€1.4B).
Long Term Liabilities: EG40's short term assets (€1.7B) do not cover its long term liabilities (€3.7B).
Debt to Equity History and Analysis
Debt Level: EG40's net debt to equity ratio (79.6%) is considered high.
Reducing Debt: EG40's debt to equity ratio has reduced from 179.7% to 129.1% over the past 5 years.
Debt Coverage: EG40's debt is not well covered by operating cash flow (16%).
Interest Coverage: EG40's interest payments on its debt are well covered by EBIT (3.5x coverage).