Cargotec Balance Sheet Health
Financial Health criteria checks 6/6
Cargotec has a total shareholder equity of €1.2B and total debt of €275.6M, which brings its debt-to-equity ratio to 23%. Its total assets and total liabilities are €2.5B and €1.3B respectively. Cargotec's EBIT is €497.8M making its interest coverage ratio 18.6. It has cash and short-term investments of €437.1M.
Key information
23.0%
Debt to equity ratio
€275.60m
Debt
Interest coverage ratio | 18.6x |
Cash | €437.10m |
Equity | €1.20b |
Total liabilities | €1.32b |
Total assets | €2.51b |
Recent financial health updates
Here's Why Cargotec (HEL:CGCBV) Can Manage Its Debt Responsibly
Apr 29Is Cargotec (HEL:CGCBV) A Risky Investment?
Jan 17Cargotec (HEL:CGCBV) Seems To Use Debt Quite Sensibly
Aug 16Does Cargotec (HEL:CGCBV) Have A Healthy Balance Sheet?
May 17Recent updates
Why Cargotec Corporation (HEL:CGCBV) Could Be Worth Watching
Dec 11Solid Earnings Reflect Cargotec's (HEL:CGCBV) Strength As A Business
Nov 01Revenues Not Telling The Story For Cargotec Corporation (HEL:CGCBV)
Oct 14Calculating The Fair Value Of Cargotec Corporation (HEL:CGCBV)
Jun 27Things Look Grim For Cargotec Corporation (HEL:CGCBV) After Today's Downgrade
Jun 14Does Cargotec (HEL:CGCBV) Deserve A Spot On Your Watchlist?
Jun 10What Cargotec Corporation's (HEL:CGCBV) 29% Share Price Gain Is Not Telling You
May 21Cargotec Corporation Just Recorded A 91% EPS Beat: Here's What Analysts Are Forecasting Next
May 03Here's Why Cargotec (HEL:CGCBV) Can Manage Its Debt Responsibly
Apr 29Here's Why Cargotec (HEL:CGCBV) Has Caught The Eye Of Investors
Mar 09Is Cargotec Corporation (HEL:CGCBV) Trading At A 28% Discount?
Jan 29Is Cargotec (HEL:CGCBV) A Risky Investment?
Jan 17Is There Now An Opportunity In Cargotec Corporation (HEL:CGCBV)?
Jan 05Market Still Lacking Some Conviction On Cargotec Corporation (HEL:CGCBV)
Dec 24We Ran A Stock Scan For Earnings Growth And Cargotec (HEL:CGCBV) Passed With Ease
Nov 15Are Investors Undervaluing Cargotec Corporation (HEL:CGCBV) By 41%?
Oct 18Is It Time To Consider Buying Cargotec Corporation (HEL:CGCBV)?
Sep 20Cargotec (HEL:CGCBV) Seems To Use Debt Quite Sensibly
Aug 16Calculating The Fair Value Of Cargotec Corporation (HEL:CGCBV)
Jul 05What Does Cargotec Corporation's (HEL:CGCBV) Share Price Indicate?
Jun 01Does Cargotec (HEL:CGCBV) Have A Healthy Balance Sheet?
May 17Cargotec (HEL:CGCBV) Is Increasing Its Dividend To €1.35
Feb 21Cargotec's (HEL:CGCBV) Dividend Will Be Increased To €1.34
Feb 07Is Now An Opportune Moment To Examine Cargotec Corporation (HEL:CGCBV)?
Jan 29Financial Position Analysis
Short Term Liabilities: CGCBV's short term assets (€1.5B) exceed its short term liabilities (€995.5M).
Long Term Liabilities: CGCBV's short term assets (€1.5B) exceed its long term liabilities (€320.2M).
Debt to Equity History and Analysis
Debt Level: CGCBV has more cash than its total debt.
Reducing Debt: CGCBV's debt to equity ratio has reduced from 80.9% to 23% over the past 5 years.
Debt Coverage: CGCBV's debt is well covered by operating cash flow (206.8%).
Interest Coverage: CGCBV's interest payments on its debt are well covered by EBIT (18.6x coverage).
Balance Sheet
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Company Analysis and Financial Data Status
Data | Last Updated (UTC time) |
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Company Analysis | 2024/12/23 12:33 |
End of Day Share Price | 2024/12/23 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 * |
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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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Learn about the world class team who designed and built the Simply Wall St analysis model.
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
Cargotec Corporation is covered by 24 analysts. 6 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 |
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Olof Cederholm | ABG Sundal Collier |
Andreas Koski | BNP Paribas Exane |
Johan Eliason | CA Cheuvreux |