ENAV Balance Sheet Health
Financial Health criteria checks 4/6
ENAV has a total shareholder equity of €1.1B and total debt of €604.9M, which brings its debt-to-equity ratio to 54.2%. Its total assets and total liabilities are €2.4B and €1.3B respectively. ENAV's EBIT is €130.4M making its interest coverage ratio 9.3. It has cash and short-term investments of €270.5M.
Key information
54.2%
Debt to equity ratio
€604.90m
Debt
Interest coverage ratio | 9.3x |
Cash | €270.46m |
Equity | €1.12b |
Total liabilities | €1.32b |
Total assets | €2.43b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: ENAVM's short term assets (€787.7M) exceed its short term liabilities (€525.1M).
Long Term Liabilities: ENAVM's short term assets (€787.7M) do not cover its long term liabilities (€791.9M).
Debt to Equity History and Analysis
Debt Level: ENAVM's net debt to equity ratio (30%) is considered satisfactory.
Reducing Debt: ENAVM's debt to equity ratio has increased from 34.5% to 54.2% over the past 5 years.
Debt Coverage: ENAVM's debt is well covered by operating cash flow (41.4%).
Interest Coverage: ENAVM's interest payments on its debt are well covered by EBIT (9.3x coverage).