Carrefour Balance Sheet Health
Financial Health criteria checks 4/6
Carrefour has a total shareholder equity of €13.4B and total debt of €15.2B, which brings its debt-to-equity ratio to 113.5%. Its total assets and total liabilities are €56.2B and €42.8B respectively. Carrefour's EBIT is €2.2B making its interest coverage ratio 5.4. It has cash and short-term investments of €6.7B.
Key information
113.5%
Debt to equity ratio
€15.19b
Debt
Interest coverage ratio | 5.4x |
Cash | €6.68b |
Equity | €13.39b |
Total liabilities | €42.78b |
Total assets | €56.17b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: CRER.F's short term assets (€23.4B) do not cover its short term liabilities (€25.3B).
Long Term Liabilities: CRER.F's short term assets (€23.4B) exceed its long term liabilities (€17.5B).
Debt to Equity History and Analysis
Debt Level: CRER.F's net debt to equity ratio (63.6%) is considered high.
Reducing Debt: CRER.F's debt to equity ratio has reduced from 119.7% to 113.5% over the past 5 years.
Debt Coverage: CRER.F's debt is well covered by operating cash flow (30.6%).
Interest Coverage: CRER.F's interest payments on its debt are well covered by EBIT (5.4x coverage).