Gaztransport & Technigaz Balance Sheet Health
Financial Health criteria checks 5/6
Gaztransport & Technigaz has a total shareholder equity of €420.2M and total debt of €6.1M, which brings its debt-to-equity ratio to 1.5%. Its total assets and total liabilities are €717.4M and €297.2M respectively. Gaztransport & Technigaz's EBIT is €303.6M making its interest coverage ratio -36.3. It has cash and short-term investments of €303.2M.
Key information
1.5%
Debt to equity ratio
€6.13m
Debt
| Interest coverage ratio | -36.3x |
| Cash | €303.21m |
| Equity | €420.20m |
| Total liabilities | €297.22m |
| Total assets | €717.41m |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: GTTP's short term assets (€590.1M) exceed its short term liabilities (€278.3M).
Long Term Liabilities: GTTP's short term assets (€590.1M) exceed its long term liabilities (€19.0M).
Debt to Equity History and Analysis
Debt Level: GTTP has more cash than its total debt.
Reducing Debt: GTTP's debt to equity ratio has increased from 1.3% to 1.5% over the past 5 years.
Debt Coverage: GTTP's debt is well covered by operating cash flow (4100.4%).
Interest Coverage: GTTP earns more interest than it pays, so coverage of interest payments is not a concern.