Compagnie Générale des Établissements Michelin Société en commandite par actions Balance Sheet Health
Financial Health criteria checks 6/6
Compagnie Générale des Établissements Michelin Société en commandite par actions has a total shareholder equity of €17.9B and total debt of €6.8B, which brings its debt-to-equity ratio to 38%. Its total assets and total liabilities are €36.4B and €18.5B respectively. Compagnie Générale des Établissements Michelin Société en commandite par actions's EBIT is €3.4B making its interest coverage ratio 38.4. It has cash and short-term investments of €3.1B.
Key information
38.0%
Debt to equity ratio
€6.79b
Debt
| Interest coverage ratio | 38.4x |
| Cash | €3.08b |
| Equity | €17.86b |
| Total liabilities | €18.51b |
| Total assets | €36.37b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: MGDD.F's short term assets (€14.9B) exceed its short term liabilities (€8.2B).
Long Term Liabilities: MGDD.F's short term assets (€14.9B) exceed its long term liabilities (€10.3B).
Debt to Equity History and Analysis
Debt Level: MGDD.F's net debt to equity ratio (20.8%) is considered satisfactory.
Reducing Debt: MGDD.F's debt to equity ratio has reduced from 59.6% to 38% over the past 5 years.
Debt Coverage: MGDD.F's debt is well covered by operating cash flow (76.4%).
Interest Coverage: MGDD.F's interest payments on its debt are well covered by EBIT (38.4x coverage).