Kingspan Group Balance Sheet Health
Financial Health criteria checks 4/6
Kingspan Group has a total shareholder equity of €3.4B and total debt of €2.2B, which brings its debt-to-equity ratio to 64.1%. Its total assets and total liabilities are €7.7B and €4.3B respectively. Kingspan Group's EBIT is €809.0M making its interest coverage ratio 21.5. It has cash and short-term investments of €649.3M.
Key information
64.1%
Debt to equity ratio
€2.18b
Debt
| Interest coverage ratio | 21.5x |
| Cash | €649.30m |
| Equity | €3.40b |
| Total liabilities | €4.29b |
| Total assets | €7.68b |
Recent financial health updates
Recent updates
Financial Position Analysis
Short Term Liabilities: KSP N's short term assets (€3.2B) exceed its short term liabilities (€1.8B).
Long Term Liabilities: KSP N's short term assets (€3.2B) exceed its long term liabilities (€2.5B).
Debt to Equity History and Analysis
Debt Level: KSP N's net debt to equity ratio (45%) is considered high.
Reducing Debt: KSP N's debt to equity ratio has increased from 42% to 64.1% over the past 5 years.
Debt Coverage: KSP N's debt is well covered by operating cash flow (31.8%).
Interest Coverage: KSP N's interest payments on its debt are well covered by EBIT (21.5x coverage).