Cairn Homes Balance Sheet Health
Financial Health criteria checks 6/6
Cairn Homes has a total shareholder equity of €757.2M and total debt of €173.8M, which brings its debt-to-equity ratio to 23%. Its total assets and total liabilities are €1.0B and €282.7M respectively. Cairn Homes's EBIT is €113.4M making its interest coverage ratio 8.4. It has cash and short-term investments of €25.6M.
Key information
23.0%
Debt to equity ratio
€173.83m
Debt
Interest coverage ratio | 8.4x |
Cash | €25.55m |
Equity | €757.16m |
Total liabilities | €282.74m |
Total assets | €1.04b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: C5HI's short term assets (€1.0B) exceed its short term liabilities (€115.3M).
Long Term Liabilities: C5HI's short term assets (€1.0B) exceed its long term liabilities (€167.5M).
Debt to Equity History and Analysis
Debt Level: C5HI's net debt to equity ratio (19.6%) is considered satisfactory.
Reducing Debt: C5HI's debt to equity ratio has reduced from 26% to 23% over the past 5 years.
Debt Coverage: C5HI's debt is well covered by operating cash flow (61.6%).
Interest Coverage: C5HI's interest payments on its debt are well covered by EBIT (8.4x coverage).