Azimut Holding Balance Sheet Health
Financial Health criteria checks 5/6
Azimut Holding has a total shareholder equity of €1.6B and total debt of €497.2M, which brings its debt-to-equity ratio to 30.9%. Its total assets and total liabilities are €10.0B and €8.3B respectively. Azimut Holding's EBIT is €644.5M making its interest coverage ratio 74.7. It has cash and short-term investments of €470.5M.
Key information
30.9%
Debt to equity ratio
€497.20m
Debt
Interest coverage ratio | 74.7x |
Cash | €470.48m |
Equity | €1.61b |
Total liabilities | €8.35b |
Total assets | €9.96b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: AZIH.F's short term assets (€1.1B) exceed its short term liabilities (€842.2M).
Long Term Liabilities: AZIH.F's short term assets (€1.1B) do not cover its long term liabilities (€7.5B).
Debt to Equity History and Analysis
Debt Level: AZIH.F's net debt to equity ratio (1.7%) is considered satisfactory.
Reducing Debt: AZIH.F's debt to equity ratio has reduced from 58.6% to 30.9% over the past 5 years.
Debt Coverage: AZIH.F's debt is well covered by operating cash flow (94.3%).
Interest Coverage: AZIH.F's interest payments on its debt are well covered by EBIT (74.7x coverage).