Piaggio & C Balance Sheet Health
Financial Health criteria checks 4/6
Piaggio & C has a total shareholder equity of €416.0M and total debt of €592.0M, which brings its debt-to-equity ratio to 142.3%. Its total assets and total liabilities are €1.9B and €1.4B respectively. Piaggio & C's EBIT is €181.7M making its interest coverage ratio 4.5. It has cash and short-term investments of €181.9M.
Key information
142.3%
Debt to equity ratio
€592.01m
Debt
Interest coverage ratio | 4.5x |
Cash | €181.86m |
Equity | €415.97m |
Total liabilities | €1.45b |
Total assets | €1.87b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: 0FM1's short term assets (€680.5M) do not cover its short term liabilities (€900.8M).
Long Term Liabilities: 0FM1's short term assets (€680.5M) exceed its long term liabilities (€549.1M).
Debt to Equity History and Analysis
Debt Level: 0FM1's net debt to equity ratio (98.6%) is considered high.
Reducing Debt: 0FM1's debt to equity ratio has reduced from 157.4% to 142.3% over the past 5 years.
Debt Coverage: 0FM1's debt is well covered by operating cash flow (31.3%).
Interest Coverage: 0FM1's interest payments on its debt are well covered by EBIT (4.5x coverage).