Ciech Balance Sheet Health
Financial Health criteria checks 4/6
Ciech has a total shareholder equity of PLN2.8B and total debt of PLN1.9B, which brings its debt-to-equity ratio to 69.8%. Its total assets and total liabilities are PLN8.1B and PLN5.4B respectively. Ciech's EBIT is PLN554.1M making its interest coverage ratio 6.2. It has cash and short-term investments of PLN566.0M.
Key information
69.8%
Debt to equity ratio
zł1.93b
Debt
| Interest coverage ratio | 6.2x |
| Cash | zł565.96m |
| Equity | zł2.76b |
| Total liabilities | zł5.36b |
| Total assets | zł8.13b |
Recent financial health updates
Recent updates
Financial Position Analysis
Short Term Liabilities: 0LS7's short term assets (PLN3.3B) exceed its short term liabilities (PLN3.2B).
Long Term Liabilities: 0LS7's short term assets (PLN3.3B) exceed its long term liabilities (PLN2.1B).
Debt to Equity History and Analysis
Debt Level: 0LS7's net debt to equity ratio (49.3%) is considered high.
Reducing Debt: 0LS7's debt to equity ratio has increased from 61.3% to 69.8% over the past 5 years.
Debt Coverage: 0LS7's debt is well covered by operating cash flow (34.8%).
Interest Coverage: 0LS7's interest payments on its debt are well covered by EBIT (6.2x coverage).