Compagnie Générale des Établissements Michelin Société en commandite par actions Balance Sheet Health
Financial Health criteria checks 6/6
Compagnie Générale des Établissements Michelin Société en commandite par actions has a total shareholder equity of €18.0B and total debt of €5.3B, which brings its debt-to-equity ratio to 29.3%. Its total assets and total liabilities are €35.2B and €17.2B respectively. Compagnie Générale des Établissements Michelin Société en commandite par actions's EBIT is €3.3B making its interest coverage ratio 19.2. It has cash and short-term investments of €2.8B.
Key information
29.3%
Debt to equity ratio
€5.26b
Debt
| Interest coverage ratio | 19.2x |
| Cash | €2.80b |
| Equity | €17.96b |
| Total liabilities | €17.24b |
| Total assets | €35.20b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: ML N's short term assets (€13.7B) exceed its short term liabilities (€7.7B).
Long Term Liabilities: ML N's short term assets (€13.7B) exceed its long term liabilities (€9.5B).
Debt to Equity History and Analysis
Debt Level: ML N's net debt to equity ratio (13.7%) is considered satisfactory.
Reducing Debt: ML N's debt to equity ratio has reduced from 51% to 29.3% over the past 5 years.
Debt Coverage: ML N's debt is well covered by operating cash flow (100.5%).
Interest Coverage: ML N's interest payments on its debt are well covered by EBIT (19.2x coverage).