ElringKlinger Balance Sheet Health
Financial Health criteria checks 5/6
ElringKlinger has a total shareholder equity of €884.7M and total debt of €454.8M, which brings its debt-to-equity ratio to 51.4%. Its total assets and total liabilities are €2.0B and €1.1B respectively. ElringKlinger's EBIT is €169.9M making its interest coverage ratio 3. It has cash and short-term investments of €139.2M.
Key information
51.4%
Debt to equity ratio
€454.82m
Debt
Interest coverage ratio | 3x |
Cash | €139.19m |
Equity | €884.74m |
Total liabilities | €1.14b |
Total assets | €2.03b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: ZIL2D's short term assets (€921.3M) exceed its short term liabilities (€701.5M).
Long Term Liabilities: ZIL2D's short term assets (€921.3M) exceed its long term liabilities (€438.8M).
Debt to Equity History and Analysis
Debt Level: ZIL2D's net debt to equity ratio (35.7%) is considered satisfactory.
Reducing Debt: ZIL2D's debt to equity ratio has reduced from 87.7% to 51.4% over the past 5 years.
Debt Coverage: ZIL2D's debt is well covered by operating cash flow (28.3%).
Interest Coverage: ZIL2D's interest payments on its debt are not well covered by EBIT (3x coverage).