AB Ignitis grupe Balance Sheet Health
Financial Health criteria checks 4/6
AB Ignitis grupe has a total shareholder equity of €2.4B and total debt of €1.6B, which brings its debt-to-equity ratio to 67.6%. Its total assets and total liabilities are €5.5B and €3.1B respectively. AB Ignitis grupe's EBIT is €384.4M making its interest coverage ratio 13.9. It has cash and short-term investments of €209.7M.
Key information
67.6%
Debt to equity ratio
€1.60b
Debt
| Interest coverage ratio | 13.9x |
| Cash | €209.70m |
| Equity | €2.37b |
| Total liabilities | €3.09b |
| Total assets | €5.46b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: IGV0's short term assets (€905.4M) exceed its short term liabilities (€729.4M).
Long Term Liabilities: IGV0's short term assets (€905.4M) do not cover its long term liabilities (€2.4B).
Debt to Equity History and Analysis
Debt Level: IGV0's net debt to equity ratio (58.8%) is considered high.
Reducing Debt: IGV0's debt to equity ratio has reduced from 75.4% to 67.6% over the past 5 years.
Debt Coverage: IGV0's debt is well covered by operating cash flow (48.5%).
Interest Coverage: IGV0's interest payments on its debt are well covered by EBIT (13.9x coverage).