ERG Balance Sheet Health
Financial Health criteria checks 4/6
ERG has a total shareholder equity of €2.1B and total debt of €2.2B, which brings its debt-to-equity ratio to 102.9%. Its total assets and total liabilities are €5.2B and €3.1B respectively. ERG's EBIT is €300.5M making its interest coverage ratio 10.2. It has cash and short-term investments of €736.0M.
Key information
102.9%
Debt to equity ratio
€2.20b
Debt
Interest coverage ratio | 10.2x |
Cash | €736.03m |
Equity | €2.14b |
Total liabilities | €3.06b |
Total assets | €5.20b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: 0MHC's short term assets (€1.1B) exceed its short term liabilities (€431.8M).
Long Term Liabilities: 0MHC's short term assets (€1.1B) do not cover its long term liabilities (€2.6B).
Debt to Equity History and Analysis
Debt Level: 0MHC's net debt to equity ratio (68.5%) is considered high.
Reducing Debt: 0MHC's debt to equity ratio has reduced from 120.5% to 102.9% over the past 5 years.
Debt Coverage: 0MHC's debt is well covered by operating cash flow (40.1%).
Interest Coverage: 0MHC's interest payments on its debt are well covered by EBIT (10.2x coverage).