Piraeus Port Authority Balance Sheet Health
Financial Health criteria checks 6/6
Piraeus Port Authority has a total shareholder equity of €355.1M and total debt of €32.5M, which brings its debt-to-equity ratio to 9.2%. Its total assets and total liabilities are €611.3M and €256.3M respectively. Piraeus Port Authority's EBIT is €103.3M making its interest coverage ratio 99.9. It has cash and short-term investments of €202.5M.
Key information
9.2%
Debt to equity ratio
€32.50m
Debt
| Interest coverage ratio | 99.9x |
| Cash | €202.48m |
| Equity | €355.07m |
| Total liabilities | €256.26m |
| Total assets | €611.33m |
Recent financial health updates
Here's Why Piraeus Port Authority (ATH:PPA) Can Manage Its Debt Responsibly
Mar 19
Is Piraeus Port Authority (ATH:PPA) A Risky Investment?
Dec 14
Recent updates
Here'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 (€225.0M) exceed its short term liabilities (€76.6M).
Long Term Liabilities: PPA's short term assets (€225.0M) exceed its long term liabilities (€179.7M).
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 29.9% to 9.2% over the past 5 years.
Debt Coverage: PPA's debt is well covered by operating cash flow (288.7%).
Interest Coverage: PPA's interest payments on its debt are well covered by EBIT (99.9x coverage).