Azelis Group Balance Sheet Health
Financial Health criteria checks 4/6
Azelis Group has a total shareholder equity of €2.8B and total debt of €1.6B, which brings its debt-to-equity ratio to 58.5%. Its total assets and total liabilities are €5.8B and €3.0B respectively. Azelis Group's EBIT is €380.9M making its interest coverage ratio 4. It has cash and short-term investments of €384.5M.
Key information
58.5%
Debt to equity ratio
€1.63b
Debt
| Interest coverage ratio | 4x |
| Cash | €384.49m |
| Equity | €2.78b |
| Total liabilities | €3.00b |
| Total assets | €5.78b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: AZEB's short term assets (€1.7B) exceed its short term liabilities (€1.0B).
Long Term Liabilities: AZEB's short term assets (€1.7B) do not cover its long term liabilities (€2.0B).
Debt to Equity History and Analysis
Debt Level: AZEB's net debt to equity ratio (44.7%) is considered high.
Reducing Debt: AZEB's debt to equity ratio has reduced from 91.6% to 58.5% over the past 5 years.
Debt Coverage: AZEB's debt is well covered by operating cash flow (28.4%).
Interest Coverage: AZEB's interest payments on its debt are well covered by EBIT (4x coverage).