Saipem Balance Sheet Health

Financial Health criteria checks 4/6

Saipem has a total shareholder equity of €2.5B and total debt of €0.0, which brings its debt-to-equity ratio to 0%. Its total assets and total liabilities are €4.8B and €2.3B respectively. Saipem's EBIT is €571.0M making its interest coverage ratio 7.3. It has cash and short-term investments of €509.0M.

Key information

Debt to equity ratio

€0

Debt

Interest coverage ratio	7.3x
Cash	€509.00m
Equity	€2.54b
Total liabilities	€2.25b
Total assets	€4.79b

Recent financial health updates

No updates

Recent updates

Financial Position Analysis

Short Term Liabilities: SPMm's short term assets (€589.0M) do not cover its short term liabilities (€1.4B).

Long Term Liabilities: SPMm's short term assets (€589.0M) do not cover its long term liabilities (€827.0M).

Debt to Equity History and Analysis

Debt Level: SPMm is debt free.

Reducing Debt: SPMm has no debt compared to 5 years ago when its debt to equity ratio was 22.9%.

Debt Coverage: SPMm has no debt, therefore it does not need to be covered by operating cash flow.

Interest Coverage: SPMm has no debt, therefore coverage of interest payments is not a concern.

Saipem Balance Sheet Health

Financial Health criteria checks 4/6

Key information

Recent financial health updates

Recent updates

Saipem SpA (BIT:SPM) commences an Equity Buyback Plan for 37,000,000 shares, representing 1.85% for €59.3 million, under the authorization approved on May 3, 2023.

Saipem SpA to Report Fiscal Year 2023 Results on Feb 28, 2024

BW Energy Limited (OB:BWE) acquired FPSO Cidade de Vitoria from Saipem SpA (BIT:SPM).

BW Energy Limited (OB:BWE) acquired FPSO Cidade de Vitoria from Saipem SpA (BIT:SPM).

New minor risk - Financial position

High number of new and inexperienced directors

New minor risk - Financial position

High number of new and inexperienced directors

Saipem SpA, Annual General Meeting, May 03, 2023

Saipem SpA to Report Q3, 2023 Results on Oct 25, 2023

Saipem S.p.A. Appoints Davide Manunta as Non-Executive and Non-Independent Director, Member of the Sustainability, Scenarios and Governance Committee

Clough Reportedly for Sale

Saipem S.p.A. Announces Executive Changes

Saipem Spa Announces Resignation of Mr. Pier Francesco Ragni as Non-Executive and Non-Independent Member of the Board and Member of Sustainability, Scenarios and Governance Committee

High number of new and inexperienced directors

Saipem SpA has completed a Follow-on Equity Offering in the amount of €1.395245 billion.

Kca Deutag Limited agreed to acquire Onshore drilling business of Saipem from Saipem SpA for $550 million.

KCA Deutag Drilling Limited signed a binding agreement to acquire Drilling Onshore Business from Saipem SpA (BIT:SPM).

Saipem SpA Appoints Paolo Calcagnini as Chief Financial Officer

High number of new and inexperienced directors

High number of new and inexperienced directors

Full year 2021 earnings released: €1.93 loss per share (vs €1.15 loss in FY 2020)

High number of new and inexperienced directors

Saipem SpA to Report Q2, 2022 Results on Jul 27, 2022

High number of new and inexperienced directors

High number of new and inexperienced directors

High number of new and inexperienced directors

Third quarter 2021 earnings released: €0.34 loss per share (vs €0.13 loss in 3Q 2020)

High number of new and inexperienced directors

Second quarter 2021 earnings released: €0.66 loss per share (vs €0.62 loss in 2Q 2020)

Saipem SpA (BIT:SPM) completed the acquisition of Floating Wind Business Of Naval Energies from Naval Energies SAS.

Saipem SpA (BIT:SPM) agreed to acquire Floating Wind Business Of Naval Energies from Naval Energies.

First quarter 2021 earnings released: €0.12 loss per share (vs €0.27 loss in 1Q 2020)

Full year 2020 earnings released: €1.14 loss per share (vs €0.012 profit in FY 2019)

Full year 2020 earnings released: €1.14 loss per share (vs €0.012 profit in FY 2019)

Revenue beats expectations

Full year 2020 earnings released: €1.14 loss per share (vs €0.012 profit in FY 2019)

Revenue beats expectations

Elkem to Study Carbon Capture Opportunities with Aker Carbon Capture and Saipem

Saipem SpA to Report Fiscal Year 2020 Results on Feb 25, 2021

New 90-day high: €2.49

Saipem SpA Awards Front-End Engineering Design Contract for the Development of the Downstream

New 90-day high: €2.21

New 90-day high: €2.20

Financial Position Analysis

Debt to Equity History and Analysis

Balance Sheet

Discover healthy companies