Acerinox Balance Sheet Health
Financial Health criteria checks 5/6
Acerinox has a total shareholder equity of €2.6B and total debt of €2.1B, which brings its debt-to-equity ratio to 83.9%. Its total assets and total liabilities are €6.2B and €3.6B respectively. Acerinox's EBIT is €438.8M making its interest coverage ratio 25.2. It has cash and short-term investments of €2.0B.
Key information
83.9%
Debt to equity ratio
€2.15b
Debt
| Interest coverage ratio | 25.2x |
| Cash | €1.96b |
| Equity | €2.56b |
| Total liabilities | €3.60b |
| Total assets | €6.16b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: ACX N's short term assets (€4.4B) exceed its short term liabilities (€2.0B).
Long Term Liabilities: ACX N's short term assets (€4.4B) exceed its long term liabilities (€1.6B).
Debt to Equity History and Analysis
Debt Level: ACX N's net debt to equity ratio (7.4%) is considered satisfactory.
Reducing Debt: ACX N's debt to equity ratio has increased from 67.6% to 83.9% over the past 5 years.
Debt Coverage: ACX N's debt is well covered by operating cash flow (32.1%).
Interest Coverage: ACX N's interest payments on its debt are well covered by EBIT (25.2x coverage).