Fortum Oyj Balance Sheet Health
Financial Health criteria checks 5/6
Fortum Oyj has a total shareholder equity of €8.6B and total debt of €5.4B, which brings its debt-to-equity ratio to 62.9%. Its total assets and total liabilities are €17.7B and €9.1B respectively. Fortum Oyj's EBIT is €1.3B making its interest coverage ratio -427. It has cash and short-term investments of €4.3B.
Key information
62.9%
Debt to equity ratio
€5.40b
Debt
| Interest coverage ratio | -427x |
| Cash | €4.26b |
| Equity | €8.58b |
| Total liabilities | €9.15b |
| Total assets | €17.73b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: FOT's short term assets (€7.0B) exceed its short term liabilities (€2.4B).
Long Term Liabilities: FOT's short term assets (€7.0B) exceed its long term liabilities (€6.8B).
Debt to Equity History and Analysis
Debt Level: FOT's net debt to equity ratio (13.2%) is considered satisfactory.
Reducing Debt: FOT's debt to equity ratio has increased from 53.9% to 62.9% over the past 5 years.
Debt Coverage: FOT's debt is well covered by operating cash flow (25.5%).
Interest Coverage: FOT earns more interest than it pays, so coverage of interest payments is not a concern.