Pirelli & C Balance Sheet Health
Financial Health criteria checks 5/6
Pirelli & C has a total shareholder equity of €5.6B and total debt of €3.5B, which brings its debt-to-equity ratio to 62.3%. Its total assets and total liabilities are €13.5B and €7.9B respectively. Pirelli & C's EBIT is €838.3M making its interest coverage ratio 5.4. It has cash and short-term investments of €1.5B.
Key information
62.3%
Debt to equity ratio
€3.50b
Debt
Interest coverage ratio | 5.4x |
Cash | €1.48b |
Equity | €5.62b |
Total liabilities | €7.91b |
Total assets | €13.53b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: PLLI.F's short term assets (€4.0B) exceed its short term liabilities (€3.4B).
Long Term Liabilities: PLLI.F's short term assets (€4.0B) do not cover its long term liabilities (€4.5B).
Debt to Equity History and Analysis
Debt Level: PLLI.F's net debt to equity ratio (35.9%) is considered satisfactory.
Reducing Debt: PLLI.F's debt to equity ratio has reduced from 105.4% to 62.3% over the past 5 years.
Debt Coverage: PLLI.F's debt is well covered by operating cash flow (38.9%).
Interest Coverage: PLLI.F's interest payments on its debt are well covered by EBIT (5.4x coverage).