KONE Oyj Balance Sheet Health
Financial Health criteria checks 5/6
KONE Oyj has a total shareholder equity of €2.1B and total debt of €204.2M, which brings its debt-to-equity ratio to 9.7%. Its total assets and total liabilities are €8.3B and €6.2B respectively. KONE Oyj's EBIT is €1.3B making its interest coverage ratio -63.3. It has cash and short-term investments of €1.1B.
Key information
9.7%
Debt to equity ratio
€204.20m
Debt
Interest coverage ratio | -63.3x |
Cash | €1.13b |
Equity | €2.09b |
Total liabilities | €6.21b |
Total assets | €8.30b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: KNYJ.Y's short term assets (€5.2B) do not cover its short term liabilities (€5.3B).
Long Term Liabilities: KNYJ.Y's short term assets (€5.2B) exceed its long term liabilities (€867.1M).
Debt to Equity History and Analysis
Debt Level: KNYJ.Y has more cash than its total debt.
Reducing Debt: KNYJ.Y's debt to equity ratio has reduced from 23.6% to 9.7% over the past 5 years.
Debt Coverage: KNYJ.Y's debt is well covered by operating cash flow (533.9%).
Interest Coverage: KNYJ.Y earns more interest than it pays, so coverage of interest payments is not a concern.