FLSmidth Balance Sheet Health
Financial Health criteria checks 6/6
FLSmidth has a total shareholder equity of DKK10.8B and total debt of DKK1.7B, which brings its debt-to-equity ratio to 15.6%. Its total assets and total liabilities are DKK27.0B and DKK16.2B respectively. FLSmidth's EBIT is DKK1.6B making its interest coverage ratio 17.2. It has cash and short-term investments of DKK1.4B.
Key information
15.6%
Debt to equity ratio
kr.1.69b
Debt
Interest coverage ratio | 17.2x |
Cash | kr.1.41b |
Equity | kr.10.83b |
Total liabilities | kr.16.18b |
Total assets | kr.27.01b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: FLID.Y's short term assets (DKK13.7B) exceed its short term liabilities (DKK12.7B).
Long Term Liabilities: FLID.Y's short term assets (DKK13.7B) exceed its long term liabilities (DKK3.5B).
Debt to Equity History and Analysis
Debt Level: FLID.Y's net debt to equity ratio (2.6%) is considered satisfactory.
Reducing Debt: FLID.Y's debt to equity ratio has reduced from 33.9% to 15.6% over the past 5 years.
Debt Coverage: FLID.Y's debt is well covered by operating cash flow (36.9%).
Interest Coverage: FLID.Y's interest payments on its debt are well covered by EBIT (17.2x coverage).