Sixt Balance Sheet Health
Financial Health criteria checks 4/6
Sixt has a total shareholder equity of €1.9B and total debt of €3.8B, which brings its debt-to-equity ratio to 202.4%. Its total assets and total liabilities are €7.9B and €6.0B respectively. Sixt's EBIT is €505.7M making its interest coverage ratio 3.6. It has cash and short-term investments of €7.9M.
Key information
202.4%
Debt to equity ratio
€3.80b
Debt
| Interest coverage ratio | 3.6x |
| Cash | €7.93m |
| Equity | €1.88b |
| Total liabilities | €6.03b |
| Total assets | €7.91b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: SIX3D's short term assets (€6.8B) exceed its short term liabilities (€3.5B).
Long Term Liabilities: SIX3D's short term assets (€6.8B) exceed its long term liabilities (€2.6B).
Debt to Equity History and Analysis
Debt Level: SIX3D's net debt to equity ratio (202%) is considered high.
Reducing Debt: SIX3D's debt to equity ratio has reduced from 254.4% to 202.4% over the past 5 years.
Debt Coverage: SIX3D's operating cash flow is negative, therefore debt is not well covered.
Interest Coverage: SIX3D's interest payments on its debt are well covered by EBIT (3.6x coverage).