Argan Balance Sheet Health
Financial Health criteria checks 1/6
Argan has a total shareholder equity of €1.9B and total debt of €1.9B, which brings its debt-to-equity ratio to 97.5%. Its total assets and total liabilities are €4.1B and €2.1B respectively. Argan's EBIT is €172.1M making its interest coverage ratio 3.8. It has cash and short-term investments of €52.0M.
Key information
97.5%
Debt to equity ratio
€1.88b
Debt
Interest coverage ratio | 3.8x |
Cash | €51.96m |
Equity | €1.92b |
Total liabilities | €2.15b |
Total assets | €4.07b |
Recent financial health updates
No updates
Financial Position Analysis
Short Term Liabilities: ARG's short term assets (€135.6M) do not cover its short term liabilities (€284.2M).
Long Term Liabilities: ARG's short term assets (€135.6M) do not cover its long term liabilities (€1.9B).
Debt to Equity History and Analysis
Debt Level: ARG's net debt to equity ratio (94.8%) is considered high.
Reducing Debt: ARG's debt to equity ratio has increased from 82.5% to 97.5% over the past 5 years.
Debt Coverage: ARG's debt is not well covered by operating cash flow (9.9%).
Interest Coverage: ARG's interest payments on its debt are well covered by EBIT (3.8x coverage).