Acerinox Balance Sheet Health
Financial Health criteria checks 5/6
Acerinox has a total shareholder equity of €2.6B and total debt of €2.1B, which brings its debt-to-equity ratio to 83.9%. Its total assets and total liabilities are €6.2B and €3.6B respectively. Acerinox's EBIT is €438.8M making its interest coverage ratio 25.2. It has cash and short-term investments of €2.0B.
Key information
83.9%
Debt to equity ratio
€2.15b
Debt
| Interest coverage ratio | 25.2x |
| Cash | €1.96b |
| Equity | €2.56b |
| Total liabilities | €3.60b |
| Total assets | €6.16b |
Recent financial health updates
These 4 Measures Indicate That Acerinox (BME:ACX) Is Using Debt Extensively
Dec 18
These 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 22Is Acerinox (BME:ACX) Using Too Much Debt?
Jul 30These 4 Measures Indicate That Acerinox (BME:ACX) Is Using Debt Reasonably Well
Apr 15Recent updates
Acerinox, 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 (€1.6B).
Debt to Equity History and Analysis
Debt Level: ACX's net debt to equity ratio (7.4%) is considered satisfactory.
Reducing Debt: ACX's debt to equity ratio has increased from 67.6% to 83.9% over the past 5 years.
Debt Coverage: ACX's debt is well covered by operating cash flow (32.1%).
Interest Coverage: ACX's interest payments on its debt are well covered by EBIT (25.2x coverage).