CIE Automotive Balance Sheet Health
Financial Health criteria checks 3/6
CIE Automotive has a total shareholder equity of €1.8B and total debt of €2.1B, which brings its debt-to-equity ratio to 116%. Its total assets and total liabilities are €5.8B and €4.0B respectively. CIE Automotive's EBIT is €557.0M making its interest coverage ratio 6.2. It has cash and short-term investments of €925.2M.
Key information
116.0%
Debt to equity ratio
€2.09b
Debt
| Interest coverage ratio | 6.2x |
| Cash | €925.16m |
| Equity | €1.80b |
| Total liabilities | €4.03b |
| Total assets | €5.83b |
Recent financial health updates
Recent updates
Financial Position Analysis
Short Term Liabilities: CIEA N's short term assets (€1.8B) do not cover its short term liabilities (€2.0B).
Long Term Liabilities: CIEA N's short term assets (€1.8B) do not cover its long term liabilities (€2.0B).
Debt to Equity History and Analysis
Debt Level: CIEA N's net debt to equity ratio (64.7%) is considered high.
Reducing Debt: CIEA N's debt to equity ratio has reduced from 185.8% to 116% over the past 5 years.
Debt Coverage: CIEA N's debt is well covered by operating cash flow (25%).
Interest Coverage: CIEA N's interest payments on its debt are well covered by EBIT (6.2x coverage).