TietoEVRY Oyj Balance Sheet Health
Financial Health criteria checks 5/6
TietoEVRY Oyj has a total shareholder equity of €1.4B and total debt of €744.2M, which brings its debt-to-equity ratio to 52.5%. Its total assets and total liabilities are €3.2B and €1.8B respectively. TietoEVRY Oyj's EBIT is €285.1M making its interest coverage ratio 13. It has cash and short-term investments of €213.9M.
Key information
52.5%
Debt to equity ratio
€744.20m
Debt
| Interest coverage ratio | 13x |
| Cash | €213.90m |
| Equity | €1.42b |
| Total liabilities | €1.76b |
| Total assets | €3.18b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: TIETOO's short term assets (€823.8M) do not cover its short term liabilities (€948.7M).
Long Term Liabilities: TIETOO's short term assets (€823.8M) exceed its long term liabilities (€810.5M).
Debt to Equity History and Analysis
Debt Level: TIETOO's net debt to equity ratio (37.4%) is considered satisfactory.
Reducing Debt: TIETOO's debt to equity ratio has reduced from 68.2% to 52.5% over the past 5 years.
Debt Coverage: TIETOO's debt is well covered by operating cash flow (43.2%).
Interest Coverage: TIETOO's interest payments on its debt are well covered by EBIT (13x coverage).