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Azimut Holding Balance Sheet Health
Financial Health criteria checks 5/6
Azimut Holding has a total shareholder equity of €1.5B and total debt of €499.0M, which brings its debt-to-equity ratio to 32.7%. Its total assets and total liabilities are €9.7B and €8.2B respectively. Azimut Holding's EBIT is €584.1M making its interest coverage ratio 68.1. It has cash and short-term investments of €330.3M.
Key information
32.7%
Debt to equity ratio
€498.98m
Debt
| Interest coverage ratio | 68.1x |
| Cash | €330.28m |
| Equity | €1.52b |
| Total liabilities | €8.18b |
| Total assets | €9.70b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: AZIH.Y's short term assets (€499.6M) exceed its short term liabilities (€227.7M).
Long Term Liabilities: AZIH.Y's short term assets (€499.6M) do not cover its long term liabilities (€8.0B).
Debt to Equity History and Analysis
Debt Level: AZIH.Y's net debt to equity ratio (11.1%) is considered satisfactory.
Reducing Debt: AZIH.Y's debt to equity ratio has reduced from 56.2% to 32.7% over the past 5 years.
Debt Coverage: AZIH.Y's debt is well covered by operating cash flow (41.7%).
Interest Coverage: AZIH.Y's interest payments on its debt are well covered by EBIT (68.1x coverage).