Thales Balance Sheet Health
Financial Health criteria checks 3/6
Thales has a total shareholder equity of €7.0B and total debt of €7.0B, which brings its debt-to-equity ratio to 100.2%. Its total assets and total liabilities are €38.8B and €31.8B respectively. Thales's EBIT is €1.6B making its interest coverage ratio -875.5. It has cash and short-term investments of €4.1B.
Key information
100.2%
Debt to equity ratio
€6.98b
Debt
Interest coverage ratio | -875.5x |
Cash | €4.08b |
Equity | €6.97b |
Total liabilities | €31.82b |
Total assets | €38.79b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: 0IW5's short term assets (€21.7B) do not cover its short term liabilities (€24.2B).
Long Term Liabilities: 0IW5's short term assets (€21.7B) exceed its long term liabilities (€7.6B).
Debt to Equity History and Analysis
Debt Level: 0IW5's net debt to equity ratio (41.6%) is considered high.
Reducing Debt: 0IW5's debt to equity ratio has increased from 46.3% to 100.2% over the past 5 years.
Debt Coverage: 0IW5's debt is well covered by operating cash flow (22.9%).
Interest Coverage: 0IW5 earns more interest than it pays, so coverage of interest payments is not a concern.