Drägerwerk KGaA Balance Sheet Health
Financial Health criteria checks 6/6
Drägerwerk KGaA has a total shareholder equity of €1.4B and total debt of €285.9M, which brings its debt-to-equity ratio to 19.9%. Its total assets and total liabilities are €3.0B and €1.6B respectively. Drägerwerk KGaA's EBIT is €151.6M making its interest coverage ratio 8.4. It has cash and short-term investments of €211.7M.
Key information
19.9%
Debt to equity ratio
€285.94m
Debt
| Interest coverage ratio | 8.4x |
| Cash | €211.70m |
| Equity | €1.43b |
| Total liabilities | €1.59b |
| Total assets | €3.03b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: DRW8D's short term assets (€1.8B) exceed its short term liabilities (€948.8M).
Long Term Liabilities: DRW8D's short term assets (€1.8B) exceed its long term liabilities (€645.7M).
Debt to Equity History and Analysis
Debt Level: DRW8D's net debt to equity ratio (5.2%) is considered satisfactory.
Reducing Debt: DRW8D's debt to equity ratio has reduced from 20.2% to 19.9% over the past 5 years.
Debt Coverage: DRW8D's debt is well covered by operating cash flow (79.5%).
Interest Coverage: DRW8D's interest payments on its debt are well covered by EBIT (8.4x coverage).