Knorr-Bremse Balance Sheet Health
Financial Health criteria checks 6/6
Knorr-Bremse has a total shareholder equity of €3.0B and total debt of €2.6B, which brings its debt-to-equity ratio to 86.7%. Its total assets and total liabilities are €9.5B and €6.4B respectively. Knorr-Bremse's EBIT is €958.5M making its interest coverage ratio 15.7. It has cash and short-term investments of €1.8B.
Key information
86.7%
Debt to equity ratio
€2.64b
Debt
| Interest coverage ratio | 15.7x |
| Cash | €1.76b |
| Equity | €3.04b |
| Total liabilities | €6.45b |
| Total assets | €9.49b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: KBX N's short term assets (€5.4B) exceed its short term liabilities (€3.3B).
Long Term Liabilities: KBX N's short term assets (€5.4B) exceed its long term liabilities (€3.2B).
Debt to Equity History and Analysis
Debt Level: KBX N's net debt to equity ratio (28.8%) is considered satisfactory.
Reducing Debt: KBX N's debt to equity ratio has reduced from 96.4% to 86.7% over the past 5 years.
Debt Coverage: KBX N's debt is well covered by operating cash flow (40.5%).
Interest Coverage: KBX N's interest payments on its debt are well covered by EBIT (15.7x coverage).