Litgrid Balance Sheet Health
Financial Health criteria checks 5/6
Litgrid has a total shareholder equity of €241.1M and total debt of €31.3M, which brings its debt-to-equity ratio to 13%. Its total assets and total liabilities are €779.1M and €538.0M respectively. Litgrid's EBIT is €42.2M making its interest coverage ratio -10.4. It has cash and short-term investments of €304.0K.
Key information
13.0%
Debt to equity ratio
€31.33m
Debt
| Interest coverage ratio | -10.4x |
| Cash | €304.00k |
| Equity | €241.10m |
| Total liabilities | €538.01m |
| Total assets | €779.10m |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: LGD1L's short term assets (€329.9M) exceed its short term liabilities (€150.3M).
Long Term Liabilities: LGD1L's short term assets (€329.9M) do not cover its long term liabilities (€387.7M).
Debt to Equity History and Analysis
Debt Level: LGD1L's net debt to equity ratio (12.9%) is considered satisfactory.
Reducing Debt: LGD1L's debt to equity ratio has reduced from 52.4% to 13% over the past 5 years.
Debt Coverage: LGD1L's debt is well covered by operating cash flow (320.9%).
Interest Coverage: LGD1L earns more interest than it pays, so coverage of interest payments is not a concern.