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).
Balance Sheet
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Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2023/06/13 10:08 |
| End of Day Share Price | 2023/03/16 00:00 |
| Earnings | 2023/03/31 |
| Annual Earnings | 2022/12/31 |
Data Sources
The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.
| Package | Data | Timeframe | Example US Source * |
|---|---|---|---|
| Company Financials | 10 years |
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| Analyst Consensus Estimates | +3 years |
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| Market Prices | 30 years |
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| Ownership | 10 years |
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| Management | 10 years |
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| Key Developments | 10 years |
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* example for US securities, for non-US equivalent regulatory forms and sources are used.
Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.
Analysis Model and Snowflake
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Industry and Sector Metrics
Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on .
Analyst Sources
Marel hf. is covered by 10 analysts. 6 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.
| Analyst | Institution |
|---|---|
| Robert Jan Vos | ABN AMRO Bank N.V. |
| Eric Wilmer | ABN AMRO Bank N.V. |
| Beatrice Allen | Berenberg |