KONE Oyj Balance Sheet Health
Financial Health criteria checks 6/6
KONE Oyj has a total shareholder equity of €2.4B and total debt of €205.8M, which brings its debt-to-equity ratio to 8.7%. Its total assets and total liabilities are €8.5B and €6.1B respectively. KONE Oyj's EBIT is €1.3B making its interest coverage ratio -63.6. It has cash and short-term investments of €1.1B.
Key information
8.7%
Debt to equity ratio
€205.80m
Debt
| Interest coverage ratio | -63.6x |
| Cash | €1.13b |
| Equity | €2.37b |
| Total liabilities | €6.09b |
| Total assets | €8.46b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: KNEBVH's short term assets (€5.4B) exceed its short term liabilities (€5.2B).
Long Term Liabilities: KNEBVH's short term assets (€5.4B) exceed its long term liabilities (€880.5M).
Debt to Equity History and Analysis
Debt Level: KNEBVH has more cash than its total debt.
Reducing Debt: KNEBVH's debt to equity ratio has reduced from 21.6% to 8.7% over the past 5 years.
Debt Coverage: KNEBVH's debt is well covered by operating cash flow (541.2%).
Interest Coverage: KNEBVH earns more interest than it pays, so coverage of interest payments is not a concern.