Carmila Balance Sheet Health
Financial Health criteria checks 2/6
Carmila has a total shareholder equity of €3.3B and total debt of €3.0B, which brings its debt-to-equity ratio to 91.4%. Its total assets and total liabilities are €6.7B and €3.4B respectively. Carmila's EBIT is €292.1M making its interest coverage ratio 4.4. It has cash and short-term investments of €860.2M.
Key information
91.4%
Debt to equity ratio
€3.01b
Debt
Interest coverage ratio | 4.4x |
Cash | €860.19m |
Equity | €3.29b |
Total liabilities | €3.44b |
Total assets | €6.73b |
Recent financial health updates
No updates
Financial Position Analysis
Short Term Liabilities: CARM's short term assets (€1.0B) exceed its short term liabilities (€734.0M).
Long Term Liabilities: CARM's short term assets (€1.0B) do not cover its long term liabilities (€2.7B).
Debt to Equity History and Analysis
Debt Level: CARM's net debt to equity ratio (65.3%) is considered high.
Reducing Debt: CARM's debt to equity ratio has increased from 65.4% to 91.4% over the past 5 years.
Debt Coverage: CARM's debt is not well covered by operating cash flow (9.2%).
Interest Coverage: CARM's interest payments on its debt are well covered by EBIT (4.4x coverage).