Koninklijke Philips Balance Sheet Health
Financial Health criteria checks 4/6
Koninklijke Philips has a total shareholder equity of €12.1B and total debt of €6.6B, which brings its debt-to-equity ratio to 54.8%. Its total assets and total liabilities are €29.4B and €17.3B respectively. Koninklijke Philips's EBIT is €417.0M making its interest coverage ratio 1.8. It has cash and short-term investments of €1.9B.
Key information
54.8%
Debt to equity ratio
€6.61b
Debt
Interest coverage ratio | 1.8x |
Cash | €1.87b |
Equity | €12.06b |
Total liabilities | €17.35b |
Total assets | €29.41b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: 1PHIA's short term assets (€9.9B) exceed its short term liabilities (€8.3B).
Long Term Liabilities: 1PHIA's short term assets (€9.9B) exceed its long term liabilities (€9.1B).
Debt to Equity History and Analysis
Debt Level: 1PHIA's net debt to equity ratio (39.3%) is considered satisfactory.
Reducing Debt: 1PHIA's debt to equity ratio has increased from 37.1% to 54.8% over the past 5 years.
Debt Coverage: 1PHIA's debt is well covered by operating cash flow (34.2%).
Interest Coverage: 1PHIA's interest payments on its debt are not well covered by EBIT (1.8x coverage).