Sonae SGPS Balance Sheet Health
Financial Health criteria checks 4/6
Sonae SGPS has a total shareholder equity of €3.5B and total debt of €1.4B, which brings its debt-to-equity ratio to 41.1%. Its total assets and total liabilities are €7.4B and €3.9B respectively. Sonae SGPS's EBIT is €310.1M making its interest coverage ratio 2.4. It has cash and short-term investments of €711.0M.
Key information
41.1%
Debt to equity ratio
€1.44b
Debt
Interest coverage ratio | 2.4x |
Cash | €711.03m |
Equity | €3.50b |
Total liabilities | €3.95b |
Total assets | €7.45b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: SONU's short term assets (€1.9B) exceed its short term liabilities (€1.0B).
Long Term Liabilities: SONU's short term assets (€1.9B) do not cover its long term liabilities (€2.9B).
Debt to Equity History and Analysis
Debt Level: SONU's net debt to equity ratio (20.7%) is considered satisfactory.
Reducing Debt: SONU's debt to equity ratio has reduced from 75.1% to 41.1% over the past 5 years.
Debt Coverage: SONU's debt is well covered by operating cash flow (44.8%).
Interest Coverage: SONU's interest payments on its debt are not well covered by EBIT (2.4x coverage).