Danieli & C. Officine Meccaniche Balance Sheet Health
Financial Health criteria checks 5/6
Danieli & C. Officine Meccaniche has a total shareholder equity of €2.5B and total debt of €1.0B, which brings its debt-to-equity ratio to 41%. Its total assets and total liabilities are €7.2B and €4.7B respectively. Danieli & C. Officine Meccaniche's EBIT is €299.3M making its interest coverage ratio -3.6. It has cash and short-term investments of €2.7B.
Key information
41.0%
Debt to equity ratio
€1.02b
Debt
| Interest coverage ratio | -3.6x |
| Cash | €2.72b |
| Equity | €2.48b |
| Total liabilities | €4.72b |
| Total assets | €7.21b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: DANRM's short term assets (€5.9B) exceed its short term liabilities (€4.1B).
Long Term Liabilities: DANRM's short term assets (€5.9B) exceed its long term liabilities (€666.8M).
Debt to Equity History and Analysis
Debt Level: DANRM has more cash than its total debt.
Reducing Debt: DANRM's debt to equity ratio has increased from 28.1% to 41% over the past 5 years.
Debt Coverage: DANRM's debt is well covered by operating cash flow (62.7%).
Interest Coverage: DANRM earns more interest than it pays, so coverage of interest payments is not a concern.