CIE Automotive Balance Sheet Health
Financial Health criteria checks 6/6
CIE Automotive has a total shareholder equity of €1.7B and total debt of €1.2B, which brings its debt-to-equity ratio to 70.9%. Its total assets and total liabilities are €3.6B and €1.9B respectively. CIE Automotive's EBIT is €470.8M making its interest coverage ratio 15.5. It has cash and short-term investments of €739.4M.
Key information
70.9%
Debt to equity ratio
€1.22b
Debt
Interest coverage ratio | 15.5x |
Cash | €739.41m |
Equity | €1.72b |
Total liabilities | €1.88b |
Total assets | €3.60b |
Recent financial health updates
Recent updates
Financial Position Analysis
Short Term Liabilities: CIEE's short term assets (€1.7B) exceed its short term liabilities (€384.2M).
Long Term Liabilities: CIEE's short term assets (€1.7B) exceed its long term liabilities (€1.5B).
Debt to Equity History and Analysis
Debt Level: CIEE's net debt to equity ratio (27.8%) is considered satisfactory.
Reducing Debt: CIEE's debt to equity ratio has reduced from 96.1% to 70.9% over the past 5 years.
Debt Coverage: CIEE's debt is well covered by operating cash flow (46.4%).
Interest Coverage: CIEE's interest payments on its debt are well covered by EBIT (15.5x coverage).