AB Amber Grid Balance Sheet Health
Financial Health criteria checks 3/6
AB Amber Grid has a total shareholder equity of €173.0M and total debt of €91.6M, which brings its debt-to-equity ratio to 52.9%. Its total assets and total liabilities are €323.7M and €150.6M respectively. AB Amber Grid's EBIT is €12.1M making its interest coverage ratio 5.9. It has cash and short-term investments of €5.8M.
Key information
52.9%
Debt to equity ratio
€91.58m
Debt
| Interest coverage ratio | 5.9x |
| Cash | €5.82m |
| Equity | €173.02m |
| Total liabilities | €150.63m |
| Total assets | €323.65m |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: AMG1L's short term assets (€30.4M) do not cover its short term liabilities (€88.6M).
Long Term Liabilities: AMG1L's short term assets (€30.4M) do not cover its long term liabilities (€62.1M).
Debt to Equity History and Analysis
Debt Level: AMG1L's net debt to equity ratio (49.6%) is considered high.
Reducing Debt: AMG1L's debt to equity ratio has reduced from 58.3% to 52.9% over the past 5 years.
Debt Coverage: AMG1L's debt is well covered by operating cash flow (36%).
Interest Coverage: AMG1L's interest payments on its debt are well covered by EBIT (5.9x coverage).