TietoEVRY Oyj Balance Sheet Health
Financial Health criteria checks 4/6
TietoEVRY Oyj has a total shareholder equity of €1.4B and total debt of €952.8M, which brings its debt-to-equity ratio to 68%. Its total assets and total liabilities are €3.5B and €2.1B respectively. TietoEVRY Oyj's EBIT is €241.2M making its interest coverage ratio 6.2. It has cash and short-term investments of €266.8M.
Key information
68.0%
Debt to equity ratio
€952.80m
Debt
Interest coverage ratio | 6.2x |
Cash | €266.80m |
Equity | €1.40b |
Total liabilities | €2.06b |
Total assets | €3.46b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: TIETO's short term assets (€931.4M) do not cover its short term liabilities (€1.3B).
Long Term Liabilities: TIETO's short term assets (€931.4M) exceed its long term liabilities (€761.9M).
Debt to Equity History and Analysis
Debt Level: TIETO's net debt to equity ratio (49%) is considered high.
Reducing Debt: TIETO's debt to equity ratio has reduced from 75.5% to 68% over the past 5 years.
Debt Coverage: TIETO's debt is well covered by operating cash flow (24.6%).
Interest Coverage: TIETO's interest payments on its debt are well covered by EBIT (6.2x coverage).