Argan Balance Sheet Health
Financial Health criteria checks 1/6
Argan has a total shareholder equity of €2.1B and total debt of €1.8B, which brings its debt-to-equity ratio to 86.9%. Its total assets and total liabilities are €4.2B and €2.1B respectively. Argan's EBIT is €179.5M making its interest coverage ratio 3.6. It has cash and short-term investments of €52.0M.
Key information
86.9%
Debt to equity ratio
€1.83b
Debt
| Interest coverage ratio | 3.6x |
| Cash | €51.96m |
| Equity | €2.11b |
| Total liabilities | €2.06b |
| Total assets | €4.17b |
Recent financial health updates
No updates
Financial Position Analysis
Short Term Liabilities: ARG's short term assets (€145.9M) do not cover its short term liabilities (€225.9M).
Long Term Liabilities: ARG's short term assets (€145.9M) do not cover its long term liabilities (€1.8B).
Debt to Equity History and Analysis
Debt Level: ARG's net debt to equity ratio (84.4%) is considered high.
Reducing Debt: ARG's debt to equity ratio has increased from 76% to 86.9% over the past 5 years.
Debt Coverage: ARG's debt is not well covered by operating cash flow (10.2%).
Interest Coverage: ARG's interest payments on its debt are well covered by EBIT (3.6x coverage).