ERG Balance Sheet Health
Financial Health criteria checks 3/6
ERG has a total shareholder equity of €2.2B and total debt of €1.9B, which brings its debt-to-equity ratio to 86.4%. Its total assets and total liabilities are €5.2B and €3.9B respectively. ERG's EBIT is €279.5M making its interest coverage ratio 7.6. It has cash and short-term investments of €399.0M.
Key information
86.4%
Debt to equity ratio
€1.89b
Debt
| Interest coverage ratio | 7.6x |
| Cash | €399.02m |
| Equity | €2.19b |
| Total liabilities | €3.93b |
| Total assets | €5.19b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: ER9's short term assets (€67.0M) do not cover its short term liabilities (€924.4M).
Long Term Liabilities: ER9's short term assets (€67.0M) do not cover its long term liabilities (€3.0B).
Debt to Equity History and Analysis
Debt Level: ER9's net debt to equity ratio (68.1%) is considered high.
Reducing Debt: ER9's debt to equity ratio has reduced from 131.7% to 86.4% over the past 5 years.
Debt Coverage: ER9's debt is well covered by operating cash flow (43.9%).
Interest Coverage: ER9's interest payments on its debt are well covered by EBIT (7.6x coverage).