Litgrid Balance Sheet Health
Financial Health criteria checks 5/6
Litgrid has a total shareholder equity of €238.7M and total debt of €34.3M, which brings its debt-to-equity ratio to 14.4%. Its total assets and total liabilities are €677.4M and €438.7M respectively. Litgrid's EBIT is €56.1M making its interest coverage ratio -9.3. It has cash and short-term investments of €634.0K.
Key information
14.4%
Debt to equity ratio
€34.33m
Debt
Interest coverage ratio | -9.3x |
Cash | €634.00k |
Equity | €238.69m |
Total liabilities | €438.73m |
Total assets | €677.42m |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: LGD1L's short term assets (€264.8M) exceed its short term liabilities (€138.7M).
Long Term Liabilities: LGD1L's short term assets (€264.8M) do not cover its long term liabilities (€300.1M).
Debt to Equity History and Analysis
Debt Level: LGD1L's net debt to equity ratio (14.1%) is considered satisfactory.
Reducing Debt: LGD1L's debt to equity ratio has reduced from 62% to 14.4% over the past 5 years.
Debt Coverage: LGD1L's debt is well covered by operating cash flow (171.4%).
Interest Coverage: LGD1L earns more interest than it pays, so coverage of interest payments is not a concern.