Cairn Homes Balance Sheet Health
Financial Health criteria checks 5/6
Cairn Homes has a total shareholder equity of €758.4M and total debt of €296.9M, which brings its debt-to-equity ratio to 39.1%. Its total assets and total liabilities are €1.2B and €414.7M respectively. Cairn Homes's EBIT is €145.2M making its interest coverage ratio 9.5. It has cash and short-term investments of €140.2M.
Key information
39.1%
Debt to equity ratio
€296.85m
Debt
| Interest coverage ratio | 9.5x |
| Cash | €140.19m |
| Equity | €758.36m |
| Total liabilities | €414.73m |
| Total assets | €1.17b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: CRNL's short term assets (€1.2B) exceed its short term liabilities (€124.5M).
Long Term Liabilities: CRNL's short term assets (€1.2B) exceed its long term liabilities (€290.2M).
Debt to Equity History and Analysis
Debt Level: CRNL's net debt to equity ratio (20.7%) is considered satisfactory.
Reducing Debt: CRNL's debt to equity ratio has increased from 31.3% to 39.1% over the past 5 years.
Debt Coverage: CRNL's debt is well covered by operating cash flow (63.1%).
Interest Coverage: CRNL's interest payments on its debt are well covered by EBIT (9.5x coverage).