Phoenix Mecano Balance Sheet Health
Financial Health criteria checks 5/6
Phoenix Mecano has a total shareholder equity of €284.7M and total debt of €129.5M, which brings its debt-to-equity ratio to 45.5%. Its total assets and total liabilities are €601.4M and €316.7M respectively. Phoenix Mecano's EBIT is €58.1M making its interest coverage ratio 34.7. It has cash and short-term investments of €131.9M.
Key information
45.5%
Debt to equity ratio
€129.55m
Debt
Interest coverage ratio | 34.7x |
Cash | €131.87m |
Equity | €284.71m |
Total liabilities | €316.70m |
Total assets | €601.41m |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: 0QKP's short term assets (€422.5M) exceed its short term liabilities (€238.4M).
Long Term Liabilities: 0QKP's short term assets (€422.5M) exceed its long term liabilities (€78.3M).
Debt to Equity History and Analysis
Debt Level: 0QKP has more cash than its total debt.
Reducing Debt: 0QKP's debt to equity ratio has increased from 32.8% to 45.5% over the past 5 years.
Debt Coverage: 0QKP's debt is well covered by operating cash flow (69.5%).
Interest Coverage: 0QKP's interest payments on its debt are well covered by EBIT (34.7x coverage).