Krones Balance Sheet Health
Financial Health criteria checks 6/6
Krones has a total shareholder equity of €1.8B and total debt of €3.4M, which brings its debt-to-equity ratio to 0.2%. Its total assets and total liabilities are €4.7B and €2.9B respectively. Krones's EBIT is €318.8M making its interest coverage ratio -17.5. It has cash and short-term investments of €442.1M.
Key information
0.2%
Debt to equity ratio
€3.40m
Debt
Interest coverage ratio | -17.5x |
Cash | €442.10m |
Equity | €1.78b |
Total liabilities | €2.94b |
Total assets | €4.71b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: KRND's short term assets (€3.2B) exceed its short term liabilities (€2.5B).
Long Term Liabilities: KRND's short term assets (€3.2B) exceed its long term liabilities (€429.4M).
Debt to Equity History and Analysis
Debt Level: KRND has more cash than its total debt.
Reducing Debt: KRND's debt to equity ratio has reduced from 5.9% to 0.2% over the past 5 years.
Debt Coverage: KRND's debt is well covered by operating cash flow (9815.4%).
Interest Coverage: KRND earns more interest than it pays, so coverage of interest payments is not a concern.