Thales Balance Sheet Health
Financial Health criteria checks 4/6
Thales has a total shareholder equity of €7.4B and total debt of €7.0B, which brings its debt-to-equity ratio to 94.8%. Its total assets and total liabilities are €38.2B and €30.8B respectively. Thales's EBIT is €1.6B making its interest coverage ratio 16.4. It has cash and short-term investments of €3.8B.
Key information
94.8%
Debt to equity ratio
€7.00b
Debt
| Interest coverage ratio | 16.4x |
| Cash | €3.82b |
| Equity | €7.39b |
| Total liabilities | €30.79b |
| Total assets | €38.18b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: THLL.Y's short term assets (€19.9B) do not cover its short term liabilities (€23.6B).
Long Term Liabilities: THLL.Y's short term assets (€19.9B) exceed its long term liabilities (€7.2B).
Debt to Equity History and Analysis
Debt Level: THLL.Y's net debt to equity ratio (43.1%) is considered high.
Reducing Debt: THLL.Y's debt to equity ratio has reduced from 98.8% to 94.8% over the past 5 years.
Debt Coverage: THLL.Y's debt is well covered by operating cash flow (20.6%).
Interest Coverage: THLL.Y's interest payments on its debt are well covered by EBIT (16.4x coverage).