SOL Balance Sheet Health
Financial Health criteria checks 6/6
SOL has a total shareholder equity of €975.1M and total debt of €546.4M, which brings its debt-to-equity ratio to 56%. Its total assets and total liabilities are €1.9B and €965.5M respectively. SOL's EBIT is €206.8M making its interest coverage ratio 14. It has cash and short-term investments of €205.6M.
Key information
56.0%
Debt to equity ratio
€546.44m
Debt
Interest coverage ratio | 14x |
Cash | €205.63m |
Equity | €975.13m |
Total liabilities | €965.54m |
Total assets | €1.94b |
Recent financial health updates
No updates
Recent updates
No updates
Financial Position Analysis
Short Term Liabilities: SOLM's short term assets (€834.4M) exceed its short term liabilities (€379.5M).
Long Term Liabilities: SOLM's short term assets (€834.4M) exceed its long term liabilities (€586.1M).
Debt to Equity History and Analysis
Debt Level: SOLM's net debt to equity ratio (35%) is considered satisfactory.
Reducing Debt: SOLM's debt to equity ratio has reduced from 70.2% to 56% over the past 5 years.
Debt Coverage: SOLM's debt is well covered by operating cash flow (49.4%).
Interest Coverage: SOLM's interest payments on its debt are well covered by EBIT (14x coverage).