SOL Balance Sheet Health
Financial Health criteria checks 6/6
SOL has a total shareholder equity of €1.0B and total debt of €558.5M, which brings its debt-to-equity ratio to 55%. Its total assets and total liabilities are €2.1B and €1.0B respectively. SOL's EBIT is €221.6M making its interest coverage ratio 13. It has cash and short-term investments of €213.0M.
Key information
55.0%
Debt to equity ratio
€558.48m
Debt
| Interest coverage ratio | 13x |
| Cash | €212.97m |
| Equity | €1.01b |
| Total liabilities | €1.04b |
| Total assets | €2.05b |
Recent financial health updates
Does SOL (BIT:SOL) Have A Healthy Balance Sheet?
Oct 31
These 4 Measures Indicate That SOL (BIT:SOL) Is Using Debt Reasonably Well
Apr 20SOL (BIT:SOL) Seems To Use Debt Quite Sensibly
Dec 28Here's Why SOL (BIT:SOL) Can Manage Its Debt Responsibly
Sep 11Is SOL (BIT:SOL) Using Too Much Debt?
Apr 08Is SOL (BIT:SOL) Using Too Much Debt?
Nov 10Recent updates
Does SOL (BIT:SOL) Have A Healthy Balance Sheet?
Oct 31SOL (BIT:SOL) Shareholders Will Want The ROCE Trajectory To Continue
Sep 16Risks To Shareholder Returns Are Elevated At These Prices For SOL S.p.A. (BIT:SOL)
Aug 26Do SOL's (BIT:SOL) Earnings Warrant Your Attention?
Aug 04There's Been No Shortage Of Growth Recently For SOL's (BIT:SOL) Returns On Capital
Jun 01There's Reason For Concern Over SOL S.p.A.'s (BIT:SOL) Price
May 14We Think That There Are Some Issues For SOL (BIT:SOL) Beyond Its Promising Earnings
Apr 26These 4 Measures Indicate That SOL (BIT:SOL) Is Using Debt Reasonably Well
Apr 20Does SOL (BIT:SOL) Deserve A Spot On Your Watchlist?
Mar 29SOL (BIT:SOL) Might Have The Makings Of A Multi-Bagger
Feb 09SOL (BIT:SOL) Seems To Use Debt Quite Sensibly
Dec 28Does SOL (BIT:SOL) Deserve A Spot On Your Watchlist?
Dec 10SOL (BIT:SOL) Is Experiencing Growth In Returns On Capital
Nov 04Here's Why SOL (BIT:SOL) Can Manage Its Debt Responsibly
Sep 11Investors Will Want SOL's (BIT:SOL) Growth In ROCE To Persist
Jul 22With EPS Growth And More, SOL (BIT:SOL) Makes An Interesting Case
Jun 29Is SOL (BIT:SOL) Using Too Much Debt?
Apr 08SOL (BIT:SOL) Is Looking To Continue Growing Its Returns On Capital
Mar 08We Like These Underlying Return On Capital Trends At SOL (BIT:SOL)
Dec 07Is SOL (BIT:SOL) Using Too Much Debt?
Nov 10Weak Statutory Earnings May Not Tell The Whole Story For SOL (BIT:SOL)
Sep 24A Look At The Intrinsic Value Of SOL S.p.A. (BIT:SOL)
Jan 26SOL (BIT:SOL) Is Doing The Right Things To Multiply Its Share Price
Jan 11I Ran A Stock Scan For Earnings Growth And SOL (BIT:SOL) Passed With Ease
Dec 28SOL (BIT:SOL) Could Easily Take On More Debt
Nov 25A Look At The Intrinsic Value Of SOL S.p.A. (BIT:SOL)
Sep 29SOL (BIT:SOL) Is Experiencing Growth In Returns On Capital
Sep 12The Return Trends At SOL (BIT:SOL) Look Promising
May 31Is SOL S.p.A. (BIT:SOL) A Smart Choice For Dividend Investors?
Apr 07Are Institutions Heavily Invested In SOL S.p.A.'s (BIT:SOL) Shares?
Mar 12Update: SOL (BIT:SOL) Stock Gained 94% In The Last Five Years
Feb 10Is SOL S.p.A.'s (BIT:SOL) Latest Stock Performance A Reflection Of Its Financial Health?
Jan 12
What We Make Of SOL's (BIT:SOL) Returns On Capital
Dec 25Calculating The Intrinsic Value Of SOL S.p.A. (BIT:SOL)
Dec 11What You Need To Know About SOL S.p.A.'s (BIT:SOL) Investor Composition
Nov 24Financial Position Analysis
Short Term Liabilities: SOL's short term assets (€883.0M) exceed its short term liabilities (€423.1M).
Long Term Liabilities: SOL's short term assets (€883.0M) exceed its long term liabilities (€614.2M).
Debt to Equity History and Analysis
Debt Level: SOL's net debt to equity ratio (34%) is considered satisfactory.
Reducing Debt: SOL's debt to equity ratio has reduced from 73.1% to 55% over the past 5 years.
Debt Coverage: SOL's debt is well covered by operating cash flow (53.1%).
Interest Coverage: SOL's interest payments on its debt are well covered by EBIT (13x coverage).