Koninklijke Philips Balance Sheet Health
Financial Health criteria checks 3/6
Koninklijke Philips has a total shareholder equity of €12.1B and total debt of €7.7B, which brings its debt-to-equity ratio to 63.8%. Its total assets and total liabilities are €29.4B and €17.3B respectively. Koninklijke Philips's EBIT is €177.0M making its interest coverage ratio 0.8. It has cash and short-term investments of €1.9B.
Key information
63.8%
Debt to equity ratio
€7.69b
Debt
| Interest coverage ratio | 0.8x |
| Cash | €1.87b |
| Equity | €12.06b |
| Total liabilities | €17.35b |
| Total assets | €29.41b |
Recent financial health updates
No updates
Recent updates
Koninklijke Philips: Major Overhang Removed
May 01Koninklijke Philips: Still On The Cautious Line
Jan 24Philips Q3 Earnings: Getting More Attractive (Rating Upgrade)
Oct 25Koninklijke Philips: Hold For Now
Oct 12Philips: A Healthcare Leader But A Very Risky Investment
Sep 20Philips Is Reasonably Valued Despite Its 35% Rally This Year
Jul 07Philips CPAP, BiPAP, ventilator safety reports to FDA top 98K
Feb 10Philips eyes restructuring and job cuts – report
Jan 27Financial Position Analysis
Short Term Liabilities: PHG's short term assets (€9.9B) exceed its short term liabilities (€8.3B).
Long Term Liabilities: PHG's short term assets (€9.9B) exceed its long term liabilities (€9.1B).
Debt to Equity History and Analysis
Debt Level: PHG's net debt to equity ratio (48.2%) is considered high.
Reducing Debt: PHG's debt to equity ratio has increased from 39.8% to 63.8% over the past 5 years.
Debt Coverage: PHG's debt is well covered by operating cash flow (29.4%).
Interest Coverage: PHG's interest payments on its debt are not well covered by EBIT (0.8x coverage).