Cargotec Balance Sheet Health
Financial Health criteria checks 6/6
Cargotec has a total shareholder equity of €1.2B and total debt of €275.6M, which brings its debt-to-equity ratio to 23%. Its total assets and total liabilities are €2.5B and €1.3B respectively. Cargotec's EBIT is €497.8M making its interest coverage ratio 18.6. It has cash and short-term investments of €437.1M.
Key information
23.0%
Debt to equity ratio
€275.60m
Debt
| Interest coverage ratio | 18.6x |
| Cash | €437.10m |
| Equity | €1.20b |
| Total liabilities | €1.32b |
| Total assets | €2.51b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: CGCBVH's short term assets (€1.5B) exceed its short term liabilities (€995.5M).
Long Term Liabilities: CGCBVH's short term assets (€1.5B) exceed its long term liabilities (€320.2M).
Debt to Equity History and Analysis
Debt Level: CGCBVH has more cash than its total debt.
Reducing Debt: CGCBVH's debt to equity ratio has reduced from 80.9% to 23% over the past 5 years.
Debt Coverage: CGCBVH's debt is well covered by operating cash flow (206.8%).
Interest Coverage: CGCBVH's interest payments on its debt are well covered by EBIT (18.6x coverage).