Lagardere Balance Sheet Health
Financial Health criteria checks 2/6
Lagardere has a total shareholder equity of €956.0M and total debt of €2.6B, which brings its debt-to-equity ratio to 269.1%. Its total assets and total liabilities are €9.3B and €8.4B respectively. Lagardere's EBIT is €463.0M making its interest coverage ratio 2.7. It has cash and short-term investments of €467.0M.
Key information
269.1%
Debt to equity ratio
€2.57b
Debt
Interest coverage ratio | 2.7x |
Cash | €467.00m |
Equity | €956.00m |
Total liabilities | €8.37b |
Total assets | €9.32b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: MMB's short term assets (€3.1B) do not cover its short term liabilities (€5.5B).
Long Term Liabilities: MMB's short term assets (€3.1B) exceed its long term liabilities (€2.9B).
Debt to Equity History and Analysis
Debt Level: MMB's net debt to equity ratio (220.3%) is considered high.
Reducing Debt: MMB's debt to equity ratio has increased from 111.6% to 269.1% over the past 5 years.
Debt Coverage: MMB's debt is well covered by operating cash flow (38.1%).
Interest Coverage: MMB's interest payments on its debt are not well covered by EBIT (2.7x coverage).