Motor Oil (Hellas) Corinth Refineries Balance Sheet Health
Financial Health criteria checks 3/6
Motor Oil (Hellas) Corinth Refineries has a total shareholder equity of €2.7B and total debt of €2.6B, which brings its debt-to-equity ratio to 95.2%. Its total assets and total liabilities are €7.3B and €4.6B respectively. Motor Oil (Hellas) Corinth Refineries's EBIT is €733.6M making its interest coverage ratio 4.1. It has cash and short-term investments of €993.1M.
Key information
95.2%
Debt to equity ratio
€2.60b
Debt
| Interest coverage ratio | 4.1x |
| Cash | €993.14m |
| Equity | €2.73b |
| Total liabilities | €4.58b |
| Total assets | €7.31b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: 0MQT's short term assets (€3.1B) exceed its short term liabilities (€1.6B).
Long Term Liabilities: 0MQT's short term assets (€3.1B) exceed its long term liabilities (€3.0B).
Debt to Equity History and Analysis
Debt Level: 0MQT's net debt to equity ratio (58.8%) is considered high.
Reducing Debt: 0MQT's debt to equity ratio has increased from 75.2% to 95.2% over the past 5 years.
Debt Coverage: 0MQT's operating cash flow is negative, therefore debt is not well covered.
Interest Coverage: 0MQT's interest payments on its debt are well covered by EBIT (4.1x coverage).