Konecranes Balance Sheet Health
Financial Health criteria checks 6/6
Konecranes has a total shareholder equity of €1.7B and total debt of €956.7M, which brings its debt-to-equity ratio to 55.2%. Its total assets and total liabilities are €4.7B and €3.0B respectively. Konecranes's EBIT is €517.4M making its interest coverage ratio 21.6. It has cash and short-term investments of €688.0M.
Key information
55.2%
Debt to equity ratio
€956.70m
Debt
| Interest coverage ratio | 21.6x |
| Cash | €688.00m |
| Equity | €1.73b |
| Total liabilities | €2.95b |
| Total assets | €4.69b |
Recent financial health updates
Recent updates
Financial Position Analysis
Short Term Liabilities: KNCR.F's short term assets (€2.7B) exceed its short term liabilities (€2.1B).
Long Term Liabilities: KNCR.F's short term assets (€2.7B) exceed its long term liabilities (€811.0M).
Debt to Equity History and Analysis
Debt Level: KNCR.F's net debt to equity ratio (15.5%) is considered satisfactory.
Reducing Debt: KNCR.F's debt to equity ratio has reduced from 58.8% to 55.2% over the past 5 years.
Debt Coverage: KNCR.F's debt is well covered by operating cash flow (49.5%).
Interest Coverage: KNCR.F's interest payments on its debt are well covered by EBIT (21.6x coverage).