Knorr-Bremse Balance Sheet Health
Financial Health criteria checks 6/6
Knorr-Bremse has a total shareholder equity of €3.1B and total debt of €2.2B, which brings its debt-to-equity ratio to 72.5%. Its total assets and total liabilities are €8.3B and €5.3B respectively. Knorr-Bremse's EBIT is €933.7M making its interest coverage ratio 14.3. It has cash and short-term investments of €1.3B.
Key information
72.5%
Debt to equity ratio
€2.21b
Debt
Interest coverage ratio | 14.3x |
Cash | €1.27b |
Equity | €3.05b |
Total liabilities | €5.29b |
Total assets | €8.34b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: KBXD's short term assets (€4.6B) exceed its short term liabilities (€2.5B).
Long Term Liabilities: KBXD's short term assets (€4.6B) exceed its long term liabilities (€2.8B).
Debt to Equity History and Analysis
Debt Level: KBXD's net debt to equity ratio (30.9%) is considered satisfactory.
Reducing Debt: KBXD's debt to equity ratio has reduced from 95.7% to 72.5% over the past 5 years.
Debt Coverage: KBXD's debt is well covered by operating cash flow (45.4%).
Interest Coverage: KBXD's interest payments on its debt are well covered by EBIT (14.3x coverage).