Zignago Vetro Balance Sheet Health
Financial Health criteria checks 5/6
Zignago Vetro has a total shareholder equity of €348.6M and total debt of €254.3M, which brings its debt-to-equity ratio to 73%. Its total assets and total liabilities are €756.5M and €407.9M respectively. Zignago Vetro's EBIT is €69.1M making its interest coverage ratio 4.6. It has cash and short-term investments of €51.2M.
Key information
73.0%
Debt to equity ratio
€254.35m
Debt
| Interest coverage ratio | 4.6x |
| Cash | €51.17m |
| Equity | €348.63m |
| Total liabilities | €407.88m |
| Total assets | €756.51m |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: ZVM's short term assets (€348.8M) exceed its short term liabilities (€233.0M).
Long Term Liabilities: ZVM's short term assets (€348.8M) exceed its long term liabilities (€174.9M).
Debt to Equity History and Analysis
Debt Level: ZVM's net debt to equity ratio (58.3%) is considered high.
Reducing Debt: ZVM's debt to equity ratio has reduced from 127.7% to 73% over the past 5 years.
Debt Coverage: ZVM's debt is well covered by operating cash flow (47.5%).
Interest Coverage: ZVM's interest payments on its debt are well covered by EBIT (4.6x coverage).