Prysmian Balance Sheet Health
Financial Health criteria checks 6/6
Prysmian has a total shareholder equity of €4.7B and total debt of €2.3B, which brings its debt-to-equity ratio to 48.9%. Its total assets and total liabilities are €14.1B and €9.4B respectively. Prysmian's EBIT is €998.0M making its interest coverage ratio 23.2. It has cash and short-term investments of €1.2B.
Key information
48.9%
Debt to equity ratio
€2.29b
Debt
| Interest coverage ratio | 23.2x |
| Cash | €1.21b |
| Equity | €4.69b |
| Total liabilities | €9.42b |
| Total assets | €14.11b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: PRYM's short term assets (€7.8B) exceed its short term liabilities (€6.6B).
Long Term Liabilities: PRYM's short term assets (€7.8B) exceed its long term liabilities (€2.9B).
Debt to Equity History and Analysis
Debt Level: PRYM's net debt to equity ratio (23.2%) is considered satisfactory.
Reducing Debt: PRYM's debt to equity ratio has reduced from 133.9% to 48.9% over the past 5 years.
Debt Coverage: PRYM's debt is well covered by operating cash flow (70.6%).
Interest Coverage: PRYM's interest payments on its debt are well covered by EBIT (23.2x coverage).