AB Ignitis grupe Balance Sheet Health
Financial Health criteria checks 3/6
AB Ignitis grupe has a total shareholder equity of €2.3B and total debt of €1.6B, which brings its debt-to-equity ratio to 70.1%. Its total assets and total liabilities are €5.2B and €3.0B respectively. AB Ignitis grupe's EBIT is €354.3M making its interest coverage ratio 20.8. It has cash and short-term investments of €315.7M.
Key information
70.1%
Debt to equity ratio
€1.59b
Debt
Interest coverage ratio | 20.8x |
Cash | €315.70m |
Equity | €2.26b |
Total liabilities | €2.98b |
Total assets | €5.24b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: IGN1L's short term assets (€1.0B) exceed its short term liabilities (€661.1M).
Long Term Liabilities: IGN1L's short term assets (€1.0B) do not cover its long term liabilities (€2.3B).
Debt to Equity History and Analysis
Debt Level: IGN1L's net debt to equity ratio (56.1%) is considered high.
Reducing Debt: IGN1L's debt to equity ratio has increased from 64.9% to 70.1% over the past 5 years.
Debt Coverage: IGN1L's debt is well covered by operating cash flow (50.5%).
Interest Coverage: IGN1L's interest payments on its debt are well covered by EBIT (20.8x coverage).