Italgas Balance Sheet Health
Financial Health criteria checks 2/6
Italgas has a total shareholder equity of €2.7B and total debt of €6.8B, which brings its debt-to-equity ratio to 255.3%. Its total assets and total liabilities are €9.9B and €9.7B respectively. Italgas's EBIT is €783.2M making its interest coverage ratio 7.9. It has cash and short-term investments of €344.6M.
Key information
255.3%
Debt to equity ratio
€6.81b
Debt
| Interest coverage ratio | 7.9x |
| Cash | €344.63m |
| Equity | €2.67b |
| Total liabilities | €9.74b |
| Total assets | €9.94b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: 0RK1's short term assets (€931.0M) do not cover its short term liabilities (€2.5B).
Long Term Liabilities: 0RK1's short term assets (€931.0M) do not cover its long term liabilities (€7.3B).
Debt to Equity History and Analysis
Debt Level: 0RK1's net debt to equity ratio (242.4%) is considered high.
Reducing Debt: 0RK1's debt to equity ratio has reduced from 285.9% to 255.3% over the past 5 years.
Debt Coverage: 0RK1's debt is not well covered by operating cash flow (11.4%).
Interest Coverage: 0RK1's interest payments on its debt are well covered by EBIT (7.9x coverage).