Compagnie Financière Richemont Balance Sheet Health
Financial Health criteria checks 5/6
Compagnie Financière Richemont has a total shareholder equity of €19.0B and total debt of €12.0B, which brings its debt-to-equity ratio to 63.4%. Its total assets and total liabilities are €40.9B and €21.9B respectively. Compagnie Financière Richemont's EBIT is €5.0B making its interest coverage ratio 156.9. It has cash and short-term investments of €17.8B.
Key information
63.4%
Debt to equity ratio
€12.03b
Debt
Interest coverage ratio | 156.9x |
Cash | €17.82b |
Equity | €18.99b |
Total liabilities | €21.89b |
Total assets | €40.88b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: CFRZ's short term assets (€30.1B) exceed its short term liabilities (€12.2B).
Long Term Liabilities: CFRZ's short term assets (€30.1B) exceed its long term liabilities (€9.7B).
Debt to Equity History and Analysis
Debt Level: CFRZ has more cash than its total debt.
Reducing Debt: CFRZ's debt to equity ratio has increased from 56% to 63.4% over the past 5 years.
Debt Coverage: CFRZ's debt is well covered by operating cash flow (38.4%).
Interest Coverage: CFRZ's interest payments on its debt are well covered by EBIT (156.9x coverage).