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.
Balance Sheet
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Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2024/12/22 06:01 |
| End of Day Share Price | 2024/12/20 00:00 |
| Earnings | 2024/09/30 |
| Annual Earnings | 2023/12/31 |
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.
| Package | Data | Timeframe | Example US Source * |
|---|---|---|---|
| Company Financials | 10 years |
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| Analyst Consensus Estimates | +3 years |
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| Market Prices | 30 years |
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| Ownership | 10 years |
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| Management | 10 years |
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| Key Developments | 10 years |
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* 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 here.
Analysis Model and Snowflake
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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 .
Analyst Sources
Litgrid AB is covered by 0 analysts. 0 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.
| Analyst | Institution |
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