ERG Balance Sheet Health
Financial Health criteria checks 3/6
ERG has a total shareholder equity of €2.2B and total debt of €2.3B, which brings its debt-to-equity ratio to 106.9%. Its total assets and total liabilities are €5.8B and €3.6B respectively. ERG's EBIT is €296.1M making its interest coverage ratio 9.2. It has cash and short-term investments of €399.0M.
Key information
106.9%
Debt to equity ratio
€2.34b
Debt
| Interest coverage ratio | 9.2x |
| Cash | €399.02m |
| Equity | €2.19b |
| Total liabilities | €3.57b |
| Total assets | €5.76b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: 0MHC's short term assets (€733.6M) do not cover its short term liabilities (€924.4M).
Long Term Liabilities: 0MHC's short term assets (€733.6M) do not cover its long term liabilities (€2.6B).
Debt to Equity History and Analysis
Debt Level: 0MHC's net debt to equity ratio (88.7%) is considered high.
Reducing Debt: 0MHC's debt to equity ratio has reduced from 130.3% to 106.9% over the past 5 years.
Debt Coverage: 0MHC's debt is well covered by operating cash flow (25.8%).
Interest Coverage: 0MHC's interest payments on its debt are well covered by EBIT (9.2x coverage).