Fortum Oyj Balance Sheet Health
Financial Health criteria checks 4/6
Fortum Oyj has a total shareholder equity of €8.6B and total debt of €5.4B, which brings its debt-to-equity ratio to 63.4%. Its total assets and total liabilities are €17.8B and €9.2B respectively. Fortum Oyj's EBIT is €1.3B making its interest coverage ratio 192.6. It has cash and short-term investments of €4.1B.
Key information
63.4%
Debt to equity ratio
€5.43b
Debt
| Interest coverage ratio | 192.6x |
| Cash | €4.15b |
| Equity | €8.56b |
| Total liabilities | €9.24b |
| Total assets | €17.80b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: FOT0's short term assets (€6.4B) exceed its short term liabilities (€2.4B).
Long Term Liabilities: FOT0's short term assets (€6.4B) do not cover its long term liabilities (€6.9B).
Debt to Equity History and Analysis
Debt Level: FOT0's net debt to equity ratio (15%) is considered satisfactory.
Reducing Debt: FOT0's debt to equity ratio has increased from 53.3% to 63.4% over the past 5 years.
Debt Coverage: FOT0's debt is well covered by operating cash flow (26.8%).
Interest Coverage: FOT0's interest payments on its debt are well covered by EBIT (192.6x coverage).