Galp Energia SGPS Balance Sheet Health
Financial Health criteria checks 4/6
Galp Energia SGPS has a total shareholder equity of €5.3B and total debt of €3.6B, which brings its debt-to-equity ratio to 67.5%. Its total assets and total liabilities are €16.5B and €11.2B respectively. Galp Energia SGPS's EBIT is €2.6B making its interest coverage ratio 54.5. It has cash and short-term investments of €2.2B.
Key information
67.5%
Debt to equity ratio
€3.60b
Debt
| Interest coverage ratio | 54.5x |
| Cash | €2.20b |
| Equity | €5.33b |
| Total liabilities | €11.21b |
| Total assets | €16.54b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: GALP N's short term assets (€6.7B) exceed its short term liabilities (€4.3B).
Long Term Liabilities: GALP N's short term assets (€6.7B) do not cover its long term liabilities (€7.0B).
Debt to Equity History and Analysis
Debt Level: GALP N's net debt to equity ratio (26.3%) is considered satisfactory.
Reducing Debt: GALP N's debt to equity ratio has increased from 53.7% to 67.5% over the past 5 years.
Debt Coverage: GALP N's debt is well covered by operating cash flow (85.1%).
Interest Coverage: GALP N's interest payments on its debt are well covered by EBIT (54.5x coverage).