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Saras Balance Sheet Health
Financial Health criteria checks 6/6
Saras has a total shareholder equity of €1.3B and total debt of €426.0M, which brings its debt-to-equity ratio to 32.5%. Its total assets and total liabilities are €3.7B and €2.4B respectively. Saras's EBIT is €449.1M making its interest coverage ratio 9.4. It has cash and short-term investments of €351.5M.
Key information
32.5%
Debt to equity ratio
€426.04m
Debt
| Interest coverage ratio | 9.4x |
| Cash | €351.49m |
| Equity | €1.31b |
| Total liabilities | €2.42b |
| Total assets | €3.73b |
Recent financial health updates
Saras (BIT:SRS) Has A Somewhat Strained Balance Sheet
Feb 13
Is Saras (BIT:SRS) Using Too Much Debt?
Nov 03These 4 Measures Indicate That Saras (BIT:SRS) Is Using Debt Extensively
Aug 04Is Saras (BIT:SRS) A Risky Investment?
Feb 24Saras (BIT:SRS) Takes On Some Risk With Its Use Of Debt
Nov 22Recent updates
Saras (BIT:SRS) Will Pay A Smaller Dividend Than Last Year
Apr 23Saras (BIT:SRS) Has Announced That Its Dividend Will Be Reduced To €0.15
Mar 25Weak Statutory Earnings May Not Tell The Whole Story For Saras (BIT:SRS)
Mar 23Saras (BIT:SRS) Has A Somewhat Strained Balance Sheet
Feb 13Estimating The Fair Value Of Saras S.p.A. (BIT:SRS)
Jan 29Is Saras (BIT:SRS) Using Too Much Debt?
Nov 03Saras' (BIT:SRS) Returns Have Hit A Wall
Oct 19Saras S.p.A. (BIT:SRS) Shares Could Be 33% Below Their Intrinsic Value Estimate
Oct 02Saras S.p.A. (BIT:SRS) Analysts Just Slashed This Year's Revenue Estimates By 16%
Aug 10These 4 Measures Indicate That Saras (BIT:SRS) Is Using Debt Extensively
Aug 04Analyst Forecasts Just Became More Bearish On Saras S.p.A. (BIT:SRS)
Jul 20Saras (BIT:SRS) Could Become A Multi-Bagger
Jun 08News Flash: Analysts Just Made A Meaningful Upgrade To Their Saras S.p.A. (BIT:SRS) Forecasts
May 12Should You Be Adding Saras (BIT:SRS) To Your Watchlist Today?
Apr 06Analysts Are Betting On Saras S.p.A. (BIT:SRS) With A Big Upgrade This Week
Mar 17Is Saras (BIT:SRS) A Risky Investment?
Feb 24Analysts Just Made A Decent Upgrade To Their Saras S.p.A. (BIT:SRS) Forecasts
Feb 03An Intrinsic Calculation For Saras S.p.A. (BIT:SRS) Suggests It's 39% Undervalued
Dec 13Saras (BIT:SRS) Takes On Some Risk With Its Use Of Debt
Nov 22This Just In: Analysts Are Boosting Their Saras S.p.A. (BIT:SRS) Outlook for This Year
Oct 20Saras (BIT:SRS) Is Achieving High Returns On Its Capital
Oct 18Saras (BIT:SRS) Takes On Some Risk With Its Use Of Debt
Aug 18Saras (BIT:SRS) Could Be At Risk Of Shrinking As A Company
Jul 12Calculating The Fair Value Of Saras S.p.A. (BIT:SRS)
Jun 24Brokers Are Upgrading Their Views On Saras S.p.A. (BIT:SRS) With These New Forecasts
May 19Saras (BIT:SRS) Has A Somewhat Strained Balance Sheet
Apr 29Analysts Are Betting On Saras S.p.A. (BIT:SRS) With A Big Upgrade This Week
Mar 24Is Saras S.p.A. (BIT:SRS) Worth €0.5 Based On Its Intrinsic Value?
Feb 03Is Saras (BIT:SRS) Using Debt In A Risky Way?
Sep 26A Look At The Fair Value Of Saras S.p.A. (BIT:SRS)
Jun 07Saras (BIT:SRS) Has Debt But No Earnings; Should You Worry?
May 17Financial Position Analysis
Short Term Liabilities: SRS's short term assets (€2.4B) exceed its short term liabilities (€2.1B).
Long Term Liabilities: SRS's short term assets (€2.4B) exceed its long term liabilities (€345.8M).
Debt to Equity History and Analysis
Debt Level: SRS's net debt to equity ratio (5.7%) is considered satisfactory.
Reducing Debt: SRS's debt to equity ratio has reduced from 34.3% to 32.5% over the past 5 years.
Debt Coverage: SRS's debt is well covered by operating cash flow (51.9%).
Interest Coverage: SRS's interest payments on its debt are well covered by EBIT (9.4x coverage).