Sonae SGPS Financial Health

Short Term Liabilities: SON's short term assets (€1.8B) do not cover its short term liabilities (€2.4B).

Long Term Liabilities: SON's short term assets (€1.8B) do not cover its long term liabilities (€2.9B).

Debt Level: SON's net debt to equity ratio (33.9%) is considered satisfactory.

Reducing Debt: SON's debt to equity ratio has reduced from 73% to 47.2% over the past 5 years.

Debt Coverage: SON's debt is well covered by operating cash flow (40%).

Interest Coverage: SON's interest payments on its debt are well covered by EBIT (4.1x coverage).

• Healthy companies in the Consumer Retailing industry.