Italgas Balance Sheet Health
Financial Health criteria checks 2/6
Italgas has a total shareholder equity of €2.6B and total debt of €6.8B, which brings its debt-to-equity ratio to 263.1%. Its total assets and total liabilities are €11.1B and €8.5B respectively. Italgas's EBIT is €724.2M making its interest coverage ratio 8.5. It has cash and short-term investments of €267.2M.
Key information
263.1%
Debt to equity ratio
€6.84b
Debt
Interest coverage ratio | 8.5x |
Cash | €267.19m |
Equity | €2.60b |
Total liabilities | €8.54b |
Total assets | €11.14b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: 0RK1's short term assets (€1.4B) do not cover its short term liabilities (€1.9B).
Long Term Liabilities: 0RK1's short term assets (€1.4B) do not cover its long term liabilities (€6.6B).
Debt to Equity History and Analysis
Debt Level: 0RK1's net debt to equity ratio (252.8%) is considered high.
Reducing Debt: 0RK1's debt to equity ratio has reduced from 298.9% to 263.1% over the past 5 years.
Debt Coverage: 0RK1's debt is not well covered by operating cash flow (8.4%).
Interest Coverage: 0RK1's interest payments on its debt are well covered by EBIT (8.5x coverage).