Forvia Balance Sheet Health
Financial Health criteria checks 2/6
Forvia has a total shareholder equity of €6.2B and total debt of €10.9B, which brings its debt-to-equity ratio to 174.4%. Its total assets and total liabilities are €32.2B and €26.0B respectively. Forvia's EBIT is €885.0M making its interest coverage ratio 2.7. It has cash and short-term investments of €4.2B.
Key information
174.4%
Debt to equity ratio
€10.88b
Debt
| Interest coverage ratio | 2.7x |
| Cash | €4.21b |
| Equity | €6.24b |
| Total liabilities | €25.98b |
| Total assets | €32.22b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: FRVIA N's short term assets (€14.6B) do not cover its short term liabilities (€14.8B).
Long Term Liabilities: FRVIA N's short term assets (€14.6B) exceed its long term liabilities (€11.2B).
Debt to Equity History and Analysis
Debt Level: FRVIA N's net debt to equity ratio (107%) is considered high.
Reducing Debt: FRVIA N's debt to equity ratio has increased from 58.1% to 174.4% over the past 5 years.
Debt Coverage: FRVIA N's debt is well covered by operating cash flow (22.7%).
Interest Coverage: FRVIA N's interest payments on its debt are not well covered by EBIT (2.7x coverage).