Kingspan Group Balance Sheet Health
Financial Health criteria checks 6/6
Kingspan Group has a total shareholder equity of €3.9B and total debt of €1.9B, which brings its debt-to-equity ratio to 48.3%. Its total assets and total liabilities are €8.0B and €4.1B respectively. Kingspan Group's EBIT is €840.8M making its interest coverage ratio 21.1. It has cash and short-term investments of €938.7M.
Key information
48.3%
Debt to equity ratio
€1.91b
Debt
Interest coverage ratio | 21.1x |
Cash | €938.70m |
Equity | €3.95b |
Total liabilities | €4.05b |
Total assets | €8.00b |
Recent financial health updates
Recent updates
Financial Position Analysis
Short Term Liabilities: KRXI's short term assets (€3.2B) exceed its short term liabilities (€1.9B).
Long Term Liabilities: KRXI's short term assets (€3.2B) exceed its long term liabilities (€2.1B).
Debt to Equity History and Analysis
Debt Level: KRXI's net debt to equity ratio (24.5%) is considered satisfactory.
Reducing Debt: KRXI's debt to equity ratio has reduced from 56.8% to 48.3% over the past 5 years.
Debt Coverage: KRXI's debt is well covered by operating cash flow (60.9%).
Interest Coverage: KRXI's interest payments on its debt are well covered by EBIT (21.1x coverage).