Danieli & C. Officine Meccaniche Balance Sheet Health
Financial Health criteria checks 6/6
Danieli & C. Officine Meccaniche has a total shareholder equity of €2.4B and total debt of €268.8M, which brings its debt-to-equity ratio to 11.2%. Its total assets and total liabilities are €6.5B and €4.1B respectively. Danieli & C. Officine Meccaniche's EBIT is €293.9M making its interest coverage ratio -6.9. It has cash and short-term investments of €2.2B.
Key information
11.2%
Debt to equity ratio
€268.82m
Debt
| Interest coverage ratio | -6.9x |
| Cash | €2.21b |
| Equity | €2.41b |
| Total liabilities | €4.13b |
| Total assets | €6.54b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: DNIE.F's short term assets (€5.2B) exceed its short term liabilities (€3.7B).
Long Term Liabilities: DNIE.F's short term assets (€5.2B) exceed its long term liabilities (€387.9M).
Debt to Equity History and Analysis
Debt Level: DNIE.F has more cash than its total debt.
Reducing Debt: DNIE.F's debt to equity ratio has reduced from 25.7% to 11.2% over the past 5 years.
Debt Coverage: DNIE.F's debt is well covered by operating cash flow (237.5%).
Interest Coverage: DNIE.F earns more interest than it pays, so coverage of interest payments is not a concern.