Piaggio & C Balance Sheet Health
Financial Health criteria checks 4/6
Piaggio & C has a total shareholder equity of €439.4M and total debt of €635.3M, which brings its debt-to-equity ratio to 144.6%. Its total assets and total liabilities are €2.0B and €1.6B respectively. Piaggio & C's EBIT is €180.2M making its interest coverage ratio 6.8. It has cash and short-term investments of €235.9M.
Key information
144.6%
Debt to equity ratio
€635.26m
Debt
| Interest coverage ratio | 6.8x |
| Cash | €235.89m |
| Equity | €439.36m |
| Total liabilities | €1.57b |
| Total assets | €2.01b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: PGGC.Y's short term assets (€847.3M) do not cover its short term liabilities (€988.6M).
Long Term Liabilities: PGGC.Y's short term assets (€847.3M) exceed its long term liabilities (€579.1M).
Debt to Equity History and Analysis
Debt Level: PGGC.Y's net debt to equity ratio (90.9%) is considered high.
Reducing Debt: PGGC.Y's debt to equity ratio has reduced from 164.6% to 144.6% over the past 5 years.
Debt Coverage: PGGC.Y's debt is well covered by operating cash flow (39%).
Interest Coverage: PGGC.Y's interest payments on its debt are well covered by EBIT (6.8x coverage).