Krones Balance Sheet Health
Financial Health criteria checks 6/6
Krones has a total shareholder equity of €1.7B and total debt of €4.7M, which brings its debt-to-equity ratio to 0.3%. Its total assets and total liabilities are €4.4B and €2.7B respectively. Krones's EBIT is €264.6M making its interest coverage ratio -19.7. It has cash and short-term investments of €644.7M.
Key information
0.3%
Debt to equity ratio
€4.70m
Debt
Interest coverage ratio | -19.7x |
Cash | €644.70m |
Equity | €1.66b |
Total liabilities | €2.72b |
Total assets | €4.37b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: KRNN.F's short term assets (€3.2B) exceed its short term liabilities (€2.3B).
Long Term Liabilities: KRNN.F's short term assets (€3.2B) exceed its long term liabilities (€371.1M).
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 5.5% to 0.3% over the past 5 years.
Debt Coverage: KRNN.F's debt is well covered by operating cash flow (8321.3%).
Interest Coverage: KRNN.F earns more interest than it pays, so coverage of interest payments is not a concern.