Krones Balance Sheet Health
Financial Health criteria checks 6/6
Krones has a total shareholder equity of €1.8B and total debt of €3.2M, which brings its debt-to-equity ratio to 0.2%. Its total assets and total liabilities are €4.6B and €2.8B respectively. Krones's EBIT is €365.5M making its interest coverage ratio -42. It has cash and short-term investments of €294.3M.
Key information
0.2%
Debt to equity ratio
€3.20m
Debt
| Interest coverage ratio | -42x |
| Cash | €294.30m |
| Equity | €1.77b |
| Total liabilities | €2.83b |
| Total assets | €4.61b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: KRNN.F's short term assets (€3.1B) exceed its short term liabilities (€2.4B).
Long Term Liabilities: KRNN.F's short term assets (€3.1B) exceed its long term liabilities (€425.6M).
Debt to Equity History and Analysis
Debt Level: KRNN.F has more cash than its total debt.
Reducing Debt: KRNN.F's debt to equity ratio has reduced from 17.8% to 0.2% over the past 5 years.
Debt Coverage: KRNN.F's debt is well covered by operating cash flow (12738.2%).
Interest Coverage: KRNN.F earns more interest than it pays, so coverage of interest payments is not a concern.