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Saras Balance Sheet Health
Financial Health criteria checks 6/6
Saras has a total shareholder equity of €1.3B and total debt of €426.0M, which brings its debt-to-equity ratio to 32.5%. Its total assets and total liabilities are €3.7B and €2.4B respectively. Saras's EBIT is €449.1M making its interest coverage ratio 9.4. It has cash and short-term investments of €351.5M.
Key information
32.5%
Debt to equity ratio
€426.04m
Debt
| Interest coverage ratio | 9.4x |
| Cash | €351.49m |
| Equity | €1.31b |
| Total liabilities | €2.42b |
| Total assets | €3.73b |
Recent financial health updates
Recent updates
Financial Position Analysis
Short Term Liabilities: 0O2D's short term assets (€2.4B) exceed its short term liabilities (€2.1B).
Long Term Liabilities: 0O2D's short term assets (€2.4B) exceed its long term liabilities (€345.8M).
Debt to Equity History and Analysis
Debt Level: 0O2D's net debt to equity ratio (5.7%) is considered satisfactory.
Reducing Debt: 0O2D's debt to equity ratio has reduced from 34.3% to 32.5% over the past 5 years.
Debt Coverage: 0O2D's debt is well covered by operating cash flow (51.9%).
Interest Coverage: 0O2D's interest payments on its debt are well covered by EBIT (9.4x coverage).