ACEA Balance Sheet Health
Financial Health criteria checks 3/6
ACEA has a total shareholder equity of €2.9B and total debt of €5.7B, which brings its debt-to-equity ratio to 195.9%. Its total assets and total liabilities are €12.1B and €9.2B respectively. ACEA's EBIT is €690.5M making its interest coverage ratio 4.4. It has cash and short-term investments of €316.6M.
Key information
195.9%
Debt to equity ratio
€5.73b
Debt
| Interest coverage ratio | 4.4x |
| Cash | €316.57m |
| Equity | €2.93b |
| Total liabilities | €9.21b |
| Total assets | €12.13b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: 0MHD's short term assets (€2.4B) do not cover its short term liabilities (€3.5B).
Long Term Liabilities: 0MHD's short term assets (€2.4B) do not cover its long term liabilities (€5.7B).
Debt to Equity History and Analysis
Debt Level: 0MHD's net debt to equity ratio (185.1%) is considered high.
Reducing Debt: 0MHD's debt to equity ratio has reduced from 209.7% to 195.9% over the past 5 years.
Debt Coverage: 0MHD's debt is well covered by operating cash flow (23.2%).
Interest Coverage: 0MHD's interest payments on its debt are well covered by EBIT (4.4x coverage).