Marel hf Balance Sheet Health
Financial Health criteria checks 3/6
Marel hf has a total shareholder equity of €1.0B and total debt of €855.0M, which brings its debt-to-equity ratio to 83.2%. Its total assets and total liabilities are €2.7B and €1.7B respectively. Marel hf's EBIT is €95.1M making its interest coverage ratio 3.2. It has cash and short-term investments of €64.1M.
Key information
83.2%
Debt to equity ratio
€855.00m
Debt
| Interest coverage ratio | 3.2x |
| Cash | €64.10m |
| Equity | €1.03b |
| Total liabilities | €1.69b |
| Total assets | €2.71b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: MAREL N's short term assets (€878.7M) exceed its short term liabilities (€825.1M).
Long Term Liabilities: MAREL N's short term assets (€878.7M) exceed its long term liabilities (€862.0M).
Debt to Equity History and Analysis
Debt Level: MAREL N's net debt to equity ratio (77%) is considered high.
Reducing Debt: MAREL N's debt to equity ratio has increased from 80.8% to 83.2% over the past 5 years.
Debt Coverage: MAREL N's debt is not well covered by operating cash flow (4.7%).
Interest Coverage: MAREL N's interest payments on its debt are well covered by EBIT (3.2x coverage).