AB Ignitis grupe Balance Sheet Health
Financial Health criteria checks 4/6
AB Ignitis grupe has a total shareholder equity of €2.3B and total debt of €1.6B, which brings its debt-to-equity ratio to 68.4%. Its total assets and total liabilities are €5.3B and €3.0B respectively. AB Ignitis grupe's EBIT is €344.5M making its interest coverage ratio 17.7. It has cash and short-term investments of €349.2M.
Key information
68.4%
Debt to equity ratio
€1.59b
Debt
Interest coverage ratio | 17.7x |
Cash | €349.20m |
Equity | €2.32b |
Total liabilities | €3.01b |
Total assets | €5.33b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: IGV0's short term assets (€969.7M) exceed its short term liabilities (€684.0M).
Long Term Liabilities: IGV0's short term assets (€969.7M) do not cover its long term liabilities (€2.3B).
Debt to Equity History and Analysis
Debt Level: IGV0's net debt to equity ratio (53.4%) is considered high.
Reducing Debt: IGV0's debt to equity ratio has reduced from 70.1% to 68.4% over the past 5 years.
Debt Coverage: IGV0's debt is well covered by operating cash flow (43.4%).
Interest Coverage: IGV0's interest payments on its debt are well covered by EBIT (17.7x coverage).