NV Bekaert Balance Sheet Health
Financial Health criteria checks 6/6
NV Bekaert has a total shareholder equity of €2.2B and total debt of €812.3M, which brings its debt-to-equity ratio to 37.5%. Its total assets and total liabilities are €4.1B and €1.9B respectively. NV Bekaert's EBIT is €389.4M making its interest coverage ratio 14.9. It has cash and short-term investments of €634.0M.
Key information
37.5%
Debt to equity ratio
€812.33m
Debt
Interest coverage ratio | 14.9x |
Cash | €633.96m |
Equity | €2.17b |
Total liabilities | €1.92b |
Total assets | €4.08b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: 0OQJ's short term assets (€2.2B) exceed its short term liabilities (€1.1B).
Long Term Liabilities: 0OQJ's short term assets (€2.2B) exceed its long term liabilities (€767.0M).
Debt to Equity History and Analysis
Debt Level: 0OQJ's net debt to equity ratio (8.2%) is considered satisfactory.
Reducing Debt: 0OQJ's debt to equity ratio has reduced from 107.5% to 37.5% over the past 5 years.
Debt Coverage: 0OQJ's debt is well covered by operating cash flow (54.1%).
Interest Coverage: 0OQJ's interest payments on its debt are well covered by EBIT (14.9x coverage).