Piraeus Port Authority Balance Sheet Health
Financial Health criteria checks 6/6
Piraeus Port Authority has a total shareholder equity of €395.5M and total debt of €90.4M, which brings its debt-to-equity ratio to 22.9%. Its total assets and total liabilities are €644.0M and €248.5M respectively. Piraeus Port Authority's EBIT is €106.3M making its interest coverage ratio -34.8. It has cash and short-term investments of €209.1M.
Key information
22.9%
Debt to equity ratio
€90.44m
Debt
| Interest coverage ratio | -34.8x |
| Cash | €209.07m |
| Equity | €395.52m |
| Total liabilities | €248.51m |
| Total assets | €644.03m |
Recent financial health updates
Piraeus Port Authority (ATH:PPA) Seems To Use Debt Rather Sparingly
Jun 04
Here's Why Piraeus Port Authority (ATH:PPA) Can Manage Its Debt Responsibly
Mar 19Is Piraeus Port Authority (ATH:PPA) A Risky Investment?
Dec 14
Recent updates
Piraeus Port Authority (ATH:PPA) Seems To Use Debt Rather Sparingly
Jun 04Here's Why Piraeus Port Authority (ATH:PPA) Can Manage Its Debt Responsibly
Mar 19Can You Imagine How Piraeus Port Authority's (ATH:PPA) Shareholders Feel About The 68% Share Price Increase?
Mar 01Piraeus Port Authority S.A.'s (ATH:PPA) Stock Been Rising: Are Strong Financials Guiding The Market?
Feb 05Will the Promising Trends At Piraeus Port Authority (ATH:PPA) Continue?
Jan 18Is Piraeus Port Authority S.A. (ATH:PPA) A Smart Pick For Income Investors?
Dec 29Is Piraeus Port Authority (ATH:PPA) A Risky Investment?
Dec 14How Much Of Piraeus Port Authority S.A. (ATH:PPA) Do Institutions Own?
Nov 25Financial Position Analysis
Short Term Liabilities: PPA's short term assets (€242.8M) exceed its short term liabilities (€74.5M).
Long Term Liabilities: PPA's short term assets (€242.8M) exceed its long term liabilities (€174.0M).
Debt to Equity History and Analysis
Debt Level: PPA has more cash than its total debt.
Reducing Debt: PPA's debt to equity ratio has reduced from 24.2% to 22.9% over the past 5 years.
Debt Coverage: PPA's debt is well covered by operating cash flow (122.3%).
Interest Coverage: PPA earns more interest than it pays, so coverage of interest payments is not a concern.