2G Energy Balance Sheet Health
Financial Health criteria checks 6/6
2G Energy has a total shareholder equity of €108.7M and total debt of €10.6M, which brings its debt-to-equity ratio to 9.8%. Its total assets and total liabilities are €221.5M and €112.8M respectively. 2G Energy's EBIT is €24.8M making its interest coverage ratio 69.8. It has cash and short-term investments of €11.4M.
Key information
9.8%
Debt to equity ratio
€10.63m
Debt
| Interest coverage ratio | 69.8x |
| Cash | €11.40m |
| Equity | €108.72m |
| Total liabilities | €112.81m |
| Total assets | €221.53m |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: 2GBD's short term assets (€184.0M) exceed its short term liabilities (€101.2M).
Long Term Liabilities: 2GBD's short term assets (€184.0M) exceed its long term liabilities (€11.6M).
Debt to Equity History and Analysis
Debt Level: 2GBD has more cash than its total debt.
Reducing Debt: 2GBD's debt to equity ratio has reduced from 14.9% to 9.8% over the past 5 years.
Debt Coverage: 2GBD's debt is well covered by operating cash flow (91.9%).
Interest Coverage: 2GBD's interest payments on its debt are well covered by EBIT (69.8x coverage).