Zignago Vetro Balance Sheet Health
Financial Health criteria checks 5/6
Zignago Vetro has a total shareholder equity of €353.6M and total debt of €268.7M, which brings its debt-to-equity ratio to 76%. Its total assets and total liabilities are €757.5M and €403.9M respectively. Zignago Vetro's EBIT is €54.2M making its interest coverage ratio 3.5. It has cash and short-term investments of €59.2M.
Key information
76.0%
Debt to equity ratio
€268.74m
Debt
| Interest coverage ratio | 3.5x |
| Cash | €59.22m |
| Equity | €353.61m |
| Total liabilities | €403.88m |
| Total assets | €757.50m |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: 0NNC's short term assets (€347.8M) exceed its short term liabilities (€213.2M).
Long Term Liabilities: 0NNC's short term assets (€347.8M) exceed its long term liabilities (€190.7M).
Debt to Equity History and Analysis
Debt Level: 0NNC's net debt to equity ratio (59.3%) is considered high.
Reducing Debt: 0NNC's debt to equity ratio has reduced from 122.3% to 76% over the past 5 years.
Debt Coverage: 0NNC's debt is well covered by operating cash flow (40.7%).
Interest Coverage: 0NNC's interest payments on its debt are well covered by EBIT (3.5x coverage).