Piaggio & C Balance Sheet Health
Financial Health criteria checks 4/6
Piaggio & C has a total shareholder equity of €417.9M and total debt of €595.5M, which brings its debt-to-equity ratio to 142.5%. Its total assets and total liabilities are €1.9B and €1.5B respectively. Piaggio & C's EBIT is €190.0M making its interest coverage ratio 5.6. It has cash and short-term investments of €232.8M.
Key information
142.5%
Debt to equity ratio
€595.49m
Debt
Interest coverage ratio | 5.6x |
Cash | €232.85m |
Equity | €417.93m |
Total liabilities | €1.49b |
Total assets | €1.91b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: PIAM's short term assets (€770.2M) do not cover its short term liabilities (€933.0M).
Long Term Liabilities: PIAM's short term assets (€770.2M) exceed its long term liabilities (€562.0M).
Debt to Equity History and Analysis
Debt Level: PIAM's net debt to equity ratio (86.8%) is considered high.
Reducing Debt: PIAM's debt to equity ratio has reduced from 155.4% to 142.5% over the past 5 years.
Debt Coverage: PIAM's debt is well covered by operating cash flow (39.3%).
Interest Coverage: PIAM's interest payments on its debt are well covered by EBIT (5.6x coverage).