Adecco Group Balance Sheet Health
Financial Health criteria checks 3/6
Adecco Group has a total shareholder equity of €3.4B and total debt of €3.2B, which brings its debt-to-equity ratio to 95.4%. Its total assets and total liabilities are €11.9B and €8.5B respectively. Adecco Group's EBIT is €695.0M making its interest coverage ratio 11.4. It has cash and short-term investments of €278.0M.
Key information
95.4%
Debt to equity ratio
€3.20b
Debt
| Interest coverage ratio | 11.4x |
| Cash | €278.00m |
| Equity | €3.36b |
| Total liabilities | €8.51b |
| Total assets | €11.87b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: ADENZ's short term assets (€5.0B) exceed its short term liabilities (€4.9B).
Long Term Liabilities: ADENZ's short term assets (€5.0B) exceed its long term liabilities (€3.6B).
Debt to Equity History and Analysis
Debt Level: ADENZ's net debt to equity ratio (87.2%) is considered high.
Reducing Debt: ADENZ's debt to equity ratio has increased from 47.5% to 95.4% over the past 5 years.
Debt Coverage: ADENZ's debt is not well covered by operating cash flow (16.6%).
Interest Coverage: ADENZ's interest payments on its debt are well covered by EBIT (11.4x coverage).