Terna S.p.A.

BIT:TRN Stock Report

Market Cap: €18.4b

Terna Balance Sheet Health

Financial Health criteria checks 2/6

Terna has a total shareholder equity of €7.8B and total debt of €14.7B, which brings its debt-to-equity ratio to 189.1%. Its total assets and total liabilities are €26.6B and €18.8B respectively. Terna's EBIT is €1.8B making its interest coverage ratio 10.2. It has cash and short-term investments of €3.1B.

Key information

189.07%

Debt to equity ratio

€14.73b

Debt

Interest coverage ratio10.2x
Cash€3.06b
Equity€7.79b
Total liabilities€18.85b
Total assets€26.64b

Recent financial health updates

We Think Terna (BIT:TRN) Is Taking Some Risk With Its Debt

Sep 02
We Think Terna (BIT:TRN) Is Taking Some Risk With Its Debt

Terna (BIT:TRN) Has A Somewhat Strained Balance Sheet

Jun 01
Terna (BIT:TRN) Has A Somewhat Strained Balance Sheet

Here's Why Terna (BIT:TRN) Has A Meaningful Debt Burden

Feb 17
Here's Why Terna (BIT:TRN) Has A Meaningful Debt Burden

Recent updates

Terna (BIT:TRN) Has Affirmed Its Dividend Of €0.1192

Nov 17
Terna (BIT:TRN) Has Affirmed Its Dividend Of €0.1192

Terna S.p.A. (BIT:TRN) Shares Could Be 34% Above Their Intrinsic Value Estimate

Oct 28
Terna S.p.A. (BIT:TRN) Shares Could Be 34% Above Their Intrinsic Value Estimate

Slowing Rates Of Return At Terna (BIT:TRN) Leave Little Room For Excitement

Sep 25
Slowing Rates Of Return At Terna (BIT:TRN) Leave Little Room For Excitement

We Think Terna (BIT:TRN) Is Taking Some Risk With Its Debt

Sep 02
We Think Terna (BIT:TRN) Is Taking Some Risk With Its Debt

Terna S.p.A. (BIT:TRN) Just Released Its Interim Results And Analysts Are Updating Their Estimates

Aug 01
Terna S.p.A. (BIT:TRN) Just Released Its Interim Results And Analysts Are Updating Their Estimates

Is Terna S.p.A. (BIT:TRN) Worth €8.5 Based On Its Intrinsic Value?

Jul 19
Is Terna S.p.A. (BIT:TRN) Worth €8.5 Based On Its Intrinsic Value?

Terna (BIT:TRN) Has A Somewhat Strained Balance Sheet

Jun 01
Terna (BIT:TRN) Has A Somewhat Strained Balance Sheet

Terna (BIT:TRN) Has Some Way To Go To Become A Multi-Bagger

May 14
Terna (BIT:TRN) Has Some Way To Go To Become A Multi-Bagger

Pinning Down Terna S.p.A.'s (BIT:TRN) P/E Is Difficult Right Now

Apr 12
Pinning Down Terna S.p.A.'s (BIT:TRN) P/E Is Difficult Right Now

Terna (BIT:TRN) Is Increasing Its Dividend To €0.277

Mar 29
Terna (BIT:TRN) Is Increasing Its Dividend To €0.277

A Look At The Intrinsic Value Of Terna S.p.A. (BIT:TRN)

Mar 20
A Look At The Intrinsic Value Of Terna S.p.A. (BIT:TRN)

Here's Why Terna (BIT:TRN) Has A Meaningful Debt Burden

Feb 17
Here's Why Terna (BIT:TRN) Has A Meaningful Debt Burden

With EPS Growth And More, Terna (BIT:TRN) Makes An Interesting Case

Jan 18
With EPS Growth And More, Terna (BIT:TRN) Makes An Interesting Case

There's Been No Shortage Of Growth Recently For Terna's (BIT:TRN) Returns On Capital

Jan 03
There's Been No Shortage Of Growth Recently For Terna's (BIT:TRN) Returns On Capital
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New Incentive Schemes And Renewables Expansion Power Up Future Profitability

Transitioning to an output-based incentive framework and expanding renewable integration are expected to drive significant long-term revenue and EBITDA growth.

Financial Position Analysis

Short Term Liabilities: TRN's short term assets (€4.2B) do not cover its short term liabilities (€5.9B).

Long Term Liabilities: TRN's short term assets (€4.2B) do not cover its long term liabilities (€13.0B).

Debt to Equity History and Analysis

Debt Level: TRN's net debt to equity ratio (149.8%) is considered high.

Reducing Debt: TRN's debt to equity ratio has reduced from 270.1% to 189.1% over the past 5 years.

Debt Coverage: TRN's debt is not well covered by operating cash flow (12.5%).

Interest Coverage: TRN's interest payments on its debt are well covered by EBIT (10.2x coverage).

Balance Sheet

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Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2025/11/21 04:21
End of Day Share Price 2025/11/21 00:00
Earnings2025/09/30
Annual Earnings2024/12/31

Data Sources

The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.

PackageDataTimeframeExample US Source *
Company Financials10 years
  • Income statement
  • Cash flow statement
  • Balance sheet
Analyst Consensus Estimates+3 years
  • Forecast financials
  • Analyst price targets
Market Prices30 years
  • Stock prices
  • Dividends, Splits and Actions
Ownership10 years
  • Top shareholders
  • Insider trading
Management10 years
  • Leadership team
  • Board of directors
Key Developments10 years
  • Company announcements

* Example for US securities, for non-US equivalent regulatory forms and sources are used.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more.

Analysis Model and Snowflake

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Learn about the world class team who designed and built the Simply Wall St analysis model.

Industry and Sector Metrics

Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on Github.

Analyst Sources

Terna S.p.A. is covered by 38 analysts. 16 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

AnalystInstitution
Francesco SalaBanca Akros S.p.A. (ESN)
Virginia Sanz de Madrid GrossBanco Santander
Monica GirardiBarclays