Fortum Oyj Balance Sheet Health
Financial Health criteria checks 5/6
Fortum Oyj has a total shareholder equity of €8.5B and total debt of €6.1B, which brings its debt-to-equity ratio to 72.1%. Its total assets and total liabilities are €18.7B and €10.2B respectively. Fortum Oyj's EBIT is €1.5B making its interest coverage ratio 14.9. It has cash and short-term investments of €4.2B.
Key information
72.1%
Debt to equity ratio
€6.13b
Debt
Interest coverage ratio | 14.9x |
Cash | €4.20b |
Equity | €8.50b |
Total liabilities | €10.24b |
Total assets | €18.74b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: 0HAH's short term assets (€7.3B) exceed its short term liabilities (€3.7B).
Long Term Liabilities: 0HAH's short term assets (€7.3B) exceed its long term liabilities (€6.5B).
Debt to Equity History and Analysis
Debt Level: 0HAH's net debt to equity ratio (22.7%) is considered satisfactory.
Reducing Debt: 0HAH's debt to equity ratio has increased from 51.2% to 72.1% over the past 5 years.
Debt Coverage: 0HAH's debt is well covered by operating cash flow (29.7%).
Interest Coverage: 0HAH's interest payments on its debt are well covered by EBIT (14.9x coverage).