Marel hf Balance Sheet Health
Financial Health criteria checks 1/6
Marel hf has a total shareholder equity of €1.0B and total debt of €844.4M, which brings its debt-to-equity ratio to 81.5%. Its total assets and total liabilities are €2.6B and €1.5B respectively. Marel hf's EBIT is €86.7M making its interest coverage ratio 1.6. It has cash and short-term investments of €62.7M.
Key information
81.5%
Debt to equity ratio
€844.40m
Debt
| Interest coverage ratio | 1.6x |
| Cash | €62.70m |
| Equity | €1.04b |
| Total liabilities | €1.53b |
| Total assets | €2.56b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: MAREL's short term assets (€764.5M) exceed its short term liabilities (€561.5M).
Long Term Liabilities: MAREL's short term assets (€764.5M) do not cover its long term liabilities (€964.8M).
Debt to Equity History and Analysis
Debt Level: MAREL's net debt to equity ratio (75.4%) is considered high.
Reducing Debt: MAREL's debt to equity ratio has increased from 39.3% to 81.5% over the past 5 years.
Debt Coverage: MAREL's debt is not well covered by operating cash flow (12.1%).
Interest Coverage: MAREL's interest payments on its debt are not well covered by EBIT (1.6x coverage).