SOL Balance Sheet Health
Financial Health criteria checks 6/6
SOL has a total shareholder equity of €1.0B and total debt of €558.5M, which brings its debt-to-equity ratio to 55%. Its total assets and total liabilities are €2.1B and €1.0B respectively. SOL's EBIT is €221.6M making its interest coverage ratio 13. It has cash and short-term investments of €213.0M.
Key information
55.0%
Debt to equity ratio
€558.48m
Debt
| Interest coverage ratio | 13x |
| Cash | €212.97m |
| Equity | €1.01b |
| Total liabilities | €1.04b |
| Total assets | €2.05b |
Recent financial health updates
No updates
Recent updates
No updates
Financial Position Analysis
Short Term Liabilities: SOLM's short term assets (€883.0M) exceed its short term liabilities (€423.1M).
Long Term Liabilities: SOLM's short term assets (€883.0M) exceed its long term liabilities (€614.2M).
Debt to Equity History and Analysis
Debt Level: SOLM's net debt to equity ratio (34%) is considered satisfactory.
Reducing Debt: SOLM's debt to equity ratio has reduced from 73.1% to 55% over the past 5 years.
Debt Coverage: SOLM's debt is well covered by operating cash flow (53.1%).
Interest Coverage: SOLM's interest payments on its debt are well covered by EBIT (13x coverage).