Krones Balance Sheet Health
Financial Health criteria checks 6/6
Krones has a total shareholder equity of €1.8B and total debt of €3.2M, which brings its debt-to-equity ratio to 0.2%. Its total assets and total liabilities are €4.5B and €2.7B respectively. Krones's EBIT is €375.6M making its interest coverage ratio -40.3. It has cash and short-term investments of €305.1M.
Key information
0.2%
Debt to equity ratio
€3.20m
Debt
| Interest coverage ratio | -40.3x |
| Cash | €305.10m |
| Equity | €1.83b |
| Total liabilities | €2.70b |
| Total assets | €4.53b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: KRND's short term assets (€3.1B) exceed its short term liabilities (€2.3B).
Long Term Liabilities: KRND's short term assets (€3.1B) exceed its long term liabilities (€419.9M).
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 23.1% to 0.2% over the past 5 years.
Debt Coverage: KRND's debt is well covered by operating cash flow (14860.1%).
Interest Coverage: KRND earns more interest than it pays, so coverage of interest payments is not a concern.