Kingspan Group Balance Sheet Health
Financial Health criteria checks 5/6
Kingspan Group has a total shareholder equity of €4.3B and total debt of €2.1B, which brings its debt-to-equity ratio to 47.9%. Its total assets and total liabilities are €9.0B and €4.7B respectively. Kingspan Group's EBIT is €823.3M making its interest coverage ratio 22.5. It has cash and short-term investments of €535.3M.
Key information
47.9%
Debt to equity ratio
€2.07b
Debt
| Interest coverage ratio | 22.5x |
| Cash | €535.30m |
| Equity | €4.32b |
| Total liabilities | €4.72b |
| Total assets | €9.04b |
Recent financial health updates
Recent updates
Financial Position Analysis
Short Term Liabilities: KGSP.F's short term assets (€3.3B) exceed its short term liabilities (€2.7B).
Long Term Liabilities: KGSP.F's short term assets (€3.3B) exceed its long term liabilities (€2.0B).
Debt to Equity History and Analysis
Debt Level: KGSP.F's net debt to equity ratio (35.5%) is considered satisfactory.
Reducing Debt: KGSP.F's debt to equity ratio has increased from 47.9% to 47.9% over the past 5 years.
Debt Coverage: KGSP.F's debt is well covered by operating cash flow (45.8%).
Interest Coverage: KGSP.F's interest payments on its debt are well covered by EBIT (22.5x coverage).