ERG Balance Sheet Health
Financial Health criteria checks 4/6
ERG has a total shareholder equity of €2.1B and total debt of €2.2B, which brings its debt-to-equity ratio to 102.9%. Its total assets and total liabilities are €5.2B and €3.1B respectively. ERG's EBIT is €300.5M making its interest coverage ratio 10.2. It has cash and short-term investments of €736.0M.
Key information
102.9%
Debt to equity ratio
€2.20b
Debt
| Interest coverage ratio | 10.2x |
| Cash | €736.03m |
| Equity | €2.14b |
| Total liabilities | €3.06b |
| Total assets | €5.20b |
Recent financial health updates
ERG (BIT:ERG) Seems To Use Debt Quite Sensibly
Mar 15
Is ERG (BIT:ERG) Using Too Much Debt?
Sep 18These 4 Measures Indicate That ERG (BIT:ERG) Is Using Debt Reasonably Well
May 24Is ERG (BIT:ERG) Using Too Much Debt?
Feb 23Does ERG (BIT:ERG) Have A Healthy Balance Sheet?
Nov 22Is ERG (BIT:ERG) Using Too Much Debt?
Aug 16Recent updates
Risks To Shareholder Returns Are Elevated At These Prices For ERG S.p.A. (BIT:ERG)
Apr 26ERG's (BIT:ERG) Solid Earnings Are Supported By Other Strong Factors
Apr 04ERG (BIT:ERG) Seems To Use Debt Quite Sensibly
Mar 15Investors Met With Slowing Returns on Capital At ERG (BIT:ERG)
Feb 22Investors Still Waiting For A Pull Back In ERG S.p.A. (BIT:ERG)
Jan 05ERG (BIT:ERG) Has Some Way To Go To Become A Multi-Bagger
Nov 03Is ERG (BIT:ERG) Using Too Much Debt?
Sep 18There's Been No Shortage Of Growth Recently For ERG's (BIT:ERG) Returns On Capital
Jul 07These 4 Measures Indicate That ERG (BIT:ERG) Is Using Debt Reasonably Well
May 24ERG (BIT:ERG) Is Doing The Right Things To Multiply Its Share Price
Apr 05Is ERG (BIT:ERG) Using Too Much Debt?
Feb 23Does ERG (BIT:ERG) Have A Healthy Balance Sheet?
Nov 22Is ERG (BIT:ERG) Using Too Much Debt?
Aug 16Do ERG's (BIT:ERG) Earnings Warrant Your Attention?
Jul 19Upgrade: Analysts Just Made A Sizeable Increase To Their ERG S.p.A. (BIT:ERG) Forecasts
May 18Does ERG (BIT:ERG) Have A Healthy Balance Sheet?
May 08Analysts Just Made A Major Revision To Their ERG S.p.A. (BIT:ERG) Revenue Forecasts
Mar 21Analysts Just Made A Major Revision To Their ERG S.p.A. (BIT:ERG) Revenue Forecasts
Feb 13Does ERG (BIT:ERG) Deserve A Spot On Your Watchlist?
Jan 11Analysts Have Just Cut Their ERG S.p.A. (BIT:ERG) Revenue Estimates By 11%
Nov 24Here's Why ERG (BIT:ERG) Can Manage Its Debt Responsibly
Oct 28These 4 Measures Indicate That ERG (BIT:ERG) Is Using Debt Reasonably Well
Jul 29Is ERG (BIT:ERG) Using Too Much Debt?
Apr 30Estimating The Intrinsic Value Of ERG S.p.A. (BIT:ERG)
Apr 06Should We Be Cautious About ERG S.p.A.'s (BIT:ERG) ROE Of 2.2%?
Mar 16ERG (BIT:ERG) Has Gifted Shareholders With A Fantastic 202% Total Return On Their Investment
Feb 18Is ERG (BIT:ERG) Using Too Much Debt?
Jan 28Are ERG's (BIT:ERG) Statutory Earnings A Good Reflection Of Its Earnings Potential?
Jan 07Should You Be Concerned About ERG S.p.A.'s (BIT:ERG) ROE?
Dec 12
Financial Position Analysis
Short Term Liabilities: ERG's short term assets (€1.1B) exceed its short term liabilities (€431.8M).
Long Term Liabilities: ERG's short term assets (€1.1B) do not cover its long term liabilities (€2.6B).
Debt to Equity History and Analysis
Debt Level: ERG's net debt to equity ratio (68.5%) is considered high.
Reducing Debt: ERG's debt to equity ratio has reduced from 120.5% to 102.9% over the past 5 years.
Debt Coverage: ERG's debt is well covered by operating cash flow (40.1%).
Interest Coverage: ERG's interest payments on its debt are well covered by EBIT (10.2x coverage).