Forvia Balance Sheet Health
Financial Health criteria checks 2/6
Forvia has a total shareholder equity of €6.2B and total debt of €10.1B, which brings its debt-to-equity ratio to 162.2%. Its total assets and total liabilities are €30.5B and €24.3B respectively. Forvia's EBIT is €1.3B making its interest coverage ratio 2.5. It has cash and short-term investments of €4.3B.
Key information
162.2%
Debt to equity ratio
€10.09b
Debt
| Interest coverage ratio | 2.5x |
| Cash | €4.29b |
| Equity | €6.22b |
| Total liabilities | €24.27b |
| Total assets | €30.49b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: 1FRVIA's short term assets (€13.5B) do not cover its short term liabilities (€13.8B).
Long Term Liabilities: 1FRVIA's short term assets (€13.5B) exceed its long term liabilities (€10.5B).
Debt to Equity History and Analysis
Debt Level: 1FRVIA's net debt to equity ratio (93.3%) is considered high.
Reducing Debt: 1FRVIA's debt to equity ratio has increased from 86.9% to 162.2% over the past 5 years.
Debt Coverage: 1FRVIA's debt is well covered by operating cash flow (27.1%).
Interest Coverage: 1FRVIA's interest payments on its debt are not well covered by EBIT (2.5x coverage).