Danieli & C. Officine Meccaniche Balance Sheet Health
Financial Health criteria checks 6/6
Danieli & C. Officine Meccaniche has a total shareholder equity of €2.6B and total debt of €557.9M, which brings its debt-to-equity ratio to 21.2%. Its total assets and total liabilities are €7.5B and €4.9B respectively. Danieli & C. Officine Meccaniche's EBIT is €256.5M making its interest coverage ratio -4. It has cash and short-term investments of €2.6B.
Key information
21.2%
Debt to equity ratio
€557.93m
Debt
| Interest coverage ratio | -4x |
| Cash | €2.62b |
| Equity | €2.63b |
| Total liabilities | €4.86b |
| Total assets | €7.49b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: 0APM's short term assets (€6.0B) exceed its short term liabilities (€4.2B).
Long Term Liabilities: 0APM's short term assets (€6.0B) exceed its long term liabilities (€649.0M).
Debt to Equity History and Analysis
Debt Level: 0APM has more cash than its total debt.
Reducing Debt: 0APM's debt to equity ratio has reduced from 27.7% to 21.2% over the past 5 years.
Debt Coverage: 0APM's debt is well covered by operating cash flow (59.5%).
Interest Coverage: 0APM earns more interest than it pays, so coverage of interest payments is not a concern.