Marel hf Balance Sheet Health
Financial Health criteria checks 2/6
Marel hf has a total shareholder equity of €1.0B and total debt of €802.8M, which brings its debt-to-equity ratio to 77.2%. Its total assets and total liabilities are €2.6B and €1.5B respectively. Marel hf's EBIT is €82.4M making its interest coverage ratio 1.6. It has cash and short-term investments of €35.9M.
Key information
77.2%
Debt to equity ratio
€802.80m
Debt
Interest coverage ratio | 1.6x |
Cash | €35.90m |
Equity | €1.04b |
Total liabilities | €1.52b |
Total assets | €2.56b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: MAREL's short term assets (€726.0M) exceed its short term liabilities (€594.3M).
Long Term Liabilities: MAREL's short term assets (€726.0M) do not cover its long term liabilities (€928.0M).
Debt to Equity History and Analysis
Debt Level: MAREL's net debt to equity ratio (73.8%) is considered high.
Reducing Debt: MAREL's debt to equity ratio has reduced from 92.9% to 77.2% over the past 5 years.
Debt Coverage: MAREL's debt is not well covered by operating cash flow (15.9%).
Interest Coverage: MAREL's interest payments on its debt are not well covered by EBIT (1.6x coverage).