Piovan Balance Sheet Health
Financial Health criteria checks 5/6
Piovan has a total shareholder equity of €179.3M and total debt of €148.3M, which brings its debt-to-equity ratio to 82.7%. Its total assets and total liabilities are €529.9M and €350.6M respectively. Piovan's EBIT is €63.5M making its interest coverage ratio 101.3. It has cash and short-term investments of €96.0M.
Key information
82.7%
Debt to equity ratio
€148.31m
Debt
Interest coverage ratio | 101.3x |
Cash | €95.99m |
Equity | €179.33m |
Total liabilities | €350.55m |
Total assets | €529.88m |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: PIOV.F's short term assets (€297.8M) exceed its short term liabilities (€211.0M).
Long Term Liabilities: PIOV.F's short term assets (€297.8M) exceed its long term liabilities (€139.6M).
Debt to Equity History and Analysis
Debt Level: PIOV.F's net debt to equity ratio (29.2%) is considered satisfactory.
Reducing Debt: PIOV.F's debt to equity ratio has increased from 55.5% to 82.7% over the past 5 years.
Debt Coverage: PIOV.F's debt is well covered by operating cash flow (44.9%).
Interest Coverage: PIOV.F's interest payments on its debt are well covered by EBIT (101.3x coverage).