Kingspan Group Balance Sheet Health
Financial Health criteria checks 5/6
Kingspan Group has a total shareholder equity of €3.7B and total debt of €2.1B, which brings its debt-to-equity ratio to 58.2%. Its total assets and total liabilities are €8.1B and €4.5B respectively. Kingspan Group's EBIT is €802.3M making its interest coverage ratio 19.2. It has cash and short-term investments of €761.2M.
Key information
58.2%
Debt to equity ratio
€2.13b
Debt
| Interest coverage ratio | 19.2x |
| Cash | €761.20m |
| Equity | €3.67b |
| Total liabilities | €4.46b |
| Total assets | €8.12b |
Recent financial health updates
Recent updates
Financial Position Analysis
Short Term Liabilities: KGPL's short term assets (€3.5B) exceed its short term liabilities (€2.2B).
Long Term Liabilities: KGPL's short term assets (€3.5B) exceed its long term liabilities (€2.3B).
Debt to Equity History and Analysis
Debt Level: KGPL's net debt to equity ratio (37.4%) is considered satisfactory.
Reducing Debt: KGPL's debt to equity ratio has increased from 53.9% to 58.2% over the past 5 years.
Debt Coverage: KGPL's debt is well covered by operating cash flow (48.2%).
Interest Coverage: KGPL's interest payments on its debt are well covered by EBIT (19.2x coverage).