Engie Balance Sheet Health
Financial Health criteria checks 3/6
Engie has a total shareholder equity of €38.0B and total debt of €46.3B, which brings its debt-to-equity ratio to 122%. Its total assets and total liabilities are €197.3B and €159.4B respectively. Engie's EBIT is €8.9B making its interest coverage ratio 5.7. It has cash and short-term investments of €18.2B.
Key information
122.0%
Debt to equity ratio
€46.30b
Debt
| Interest coverage ratio | 5.7x |
| Cash | €18.17b |
| Equity | €37.97b |
| Total liabilities | €159.35b |
| Total assets | €197.32b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: ENGIP's short term assets (€81.2B) do not cover its short term liabilities (€82.3B).
Long Term Liabilities: ENGIP's short term assets (€81.2B) exceed its long term liabilities (€77.1B).
Debt to Equity History and Analysis
Debt Level: ENGIP's net debt to equity ratio (74.1%) is considered high.
Reducing Debt: ENGIP's debt to equity ratio has increased from 88.5% to 122% over the past 5 years.
Debt Coverage: ENGIP's debt is well covered by operating cash flow (27.1%).
Interest Coverage: ENGIP's interest payments on its debt are well covered by EBIT (5.7x coverage).