Acerinox Balance Sheet Health
Financial Health criteria checks 4/6
Acerinox has a total shareholder equity of €2.5B and total debt of €2.3B, which brings its debt-to-equity ratio to 92.5%. Its total assets and total liabilities are €6.3B and €3.7B respectively. Acerinox's EBIT is €303.8M making its interest coverage ratio 15.7. It has cash and short-term investments of €1.9B.
Key information
92.5%
Debt to equity ratio
€2.34b
Debt
| Interest coverage ratio | 15.7x |
| Cash | €1.94b |
| Equity | €2.52b |
| Total liabilities | €3.74b |
| Total assets | €6.26b |
Recent financial health updates
We Think Acerinox (BME:ACX) Is Taking Some Risk With Its Debt
Oct 30
Is Acerinox (BME:ACX) Using Too Much Debt?
Jun 27These 4 Measures Indicate That Acerinox (BME:ACX) Is Using Debt Extensively
Dec 18These 4 Measures Indicate That Acerinox (BME:ACX) Is Using Debt Extensively
Sep 09These 4 Measures Indicate That Acerinox (BME:ACX) Is Using Debt Reasonably Well
Apr 18We Think Acerinox (BME:ACX) Can Stay On Top Of Its Debt
Nov 22Recent updates
An Intrinsic Calculation For Acerinox, S.A. (BME:ACX) Suggests It's 38% Undervalued
Jan 03We Think You Can Look Beyond Acerinox's (BME:ACX) Lackluster Earnings
Nov 04Earnings Miss: Acerinox, S.A. Missed EPS By 9.5% And Analysts Are Revising Their Forecasts
Nov 02We Think Acerinox (BME:ACX) Is Taking Some Risk With Its Debt
Oct 30Are Investors Undervaluing Acerinox, S.A. (BME:ACX) By 32%?
Sep 09Acerinox, S.A. Just Beat Analyst Forecasts, And Analysts Have Been Updating Their Predictions
Jul 27Is Acerinox (BME:ACX) Using Too Much Debt?
Jun 27Acerinox, S.A. (BME:ACX) Just Reported First-Quarter Earnings: Have Analysts Changed Their Mind On The Stock?
Apr 29A Piece Of The Puzzle Missing From Acerinox, S.A.'s (BME:ACX) Share Price
Apr 04These 4 Measures Indicate That Acerinox (BME:ACX) Is Using Debt Extensively
Dec 18Calculating The Fair Value Of Acerinox, S.A. (BME:ACX)
Nov 10These 4 Measures Indicate That Acerinox (BME:ACX) Is Using Debt Extensively
Sep 09Does This Valuation Of Acerinox, S.A. (BME:ACX) Imply Investors Are Overpaying?
Jul 30These 4 Measures Indicate That Acerinox (BME:ACX) Is Using Debt Reasonably Well
Apr 18Does This Valuation Of Acerinox, S.A. (BME:ACX) Imply Investors Are Overpaying?
Mar 31Are Acerinox, S.A. (BME:ACX) Investors Paying Above The Intrinsic Value?
Dec 17We Think Acerinox (BME:ACX) Can Stay On Top Of Its Debt
Nov 22An Intrinsic Calculation For Acerinox, S.A. (BME:ACX) Suggests It's 33% Undervalued
Sep 07Is Acerinox (BME:ACX) Using Too Much Debt?
Jul 30Acerinox, S.A. (BME:ACX) Shares Could Be 24% Below Their Intrinsic Value Estimate
May 27These 4 Measures Indicate That Acerinox (BME:ACX) Is Using Debt Reasonably Well
Apr 15A Look At The Fair Value Of Acerinox, S.A. (BME:ACX)
Feb 09Is Acerinox (BME:ACX) Using Too Much Debt?
Dec 28Acerinox, S.A. (BME:ACX) Shares Could Be 34% Below Their Intrinsic Value Estimate
Oct 25Are Investors Undervaluing Acerinox, S.A. (BME:ACX) By 20%?
Jul 25Acerinox (BME:ACX) Seems To Use Debt Quite Sensibly
Jun 14Should You Or Shouldn't You: A Dividend Analysis on Acerinox, S.A. (BME:ACX)
Apr 11Acerinox's (BME:ACX) Solid Earnings Have Been Accounted For Conservatively
Mar 06Does Acerinox (BME:ACX) Have A Healthy Balance Sheet?
Feb 20
What Type Of Shareholders Make Up Acerinox, S.A.'s (BME:ACX) Share Registry?
Jan 27Acerinox's (BME:ACX) Stock Price Has Reduced 22% In The Past Three Years
Jan 07Should You Buy Acerinox, S.A. (BME:ACX) For Its Dividend?
Dec 16Don't Race Out To Buy Acerinox, S.A. (BME:ACX) Just Because It's Going Ex-Dividend
Nov 25We Think Acerinox (BME:ACX) Is Taking Some Risk With Its Debt
Nov 18Financial Position Analysis
Short Term Liabilities: ACX's short term assets (€4.4B) exceed its short term liabilities (€2.0B).
Long Term Liabilities: ACX's short term assets (€4.4B) exceed its long term liabilities (€1.7B).
Debt to Equity History and Analysis
Debt Level: ACX's net debt to equity ratio (15.8%) is considered satisfactory.
Reducing Debt: ACX's debt to equity ratio has increased from 69.9% to 92.5% over the past 5 years.
Debt Coverage: ACX's debt is not well covered by operating cash flow (19.8%).
Interest Coverage: ACX's interest payments on its debt are well covered by EBIT (15.7x coverage).
Balance Sheet
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Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2025/01/18 00:12 |
| End of Day Share Price | 2025/01/17 00:00 |
| Earnings | 2024/09/30 |
| Annual Earnings | 2023/12/31 |
Data Sources
The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.
| Package | Data | Timeframe | Example US Source * |
|---|---|---|---|
| Company Financials | 10 years |
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| Analyst Consensus Estimates | +3 years |
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| Market Prices | 30 years |
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| Ownership | 10 years |
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| Management | 10 years |
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| Key Developments | 10 years |
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* example for US securities, for non-US equivalent regulatory forms and sources are used.
Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.
Analysis Model and Snowflake
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Industry and Sector Metrics
Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on .
Analyst Sources
Acerinox, S.A. is covered by 46 analysts. 11 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.
| Analyst | Institution |
|---|---|
| César Sánchez-Grande Bergon | Ahorro Corporación |
| Pierre-Yves Gauthier | AlphaValue |
| Bruno Bessa | Banco BPI, S.A. |