L'Air Liquide Balance Sheet Health
Financial Health criteria checks 4/6
L'Air Liquide has a total shareholder equity of €25.4B and total debt of €11.9B, which brings its debt-to-equity ratio to 47%. Its total assets and total liabilities are €49.9B and €24.5B respectively. L'Air Liquide's EBIT is €4.9B making its interest coverage ratio 15.5. It has cash and short-term investments of €1.8B.
Key information
47.0%
Debt to equity ratio
€11.94b
Debt
| Interest coverage ratio | 15.5x |
| Cash | €1.79b |
| Equity | €25.41b |
| Total liabilities | €24.48b |
| Total assets | €49.89b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: AIQU.Y's short term assets (€8.0B) do not cover its short term liabilities (€10.4B).
Long Term Liabilities: AIQU.Y's short term assets (€8.0B) do not cover its long term liabilities (€14.1B).
Debt to Equity History and Analysis
Debt Level: AIQU.Y's net debt to equity ratio (40%) is considered satisfactory.
Reducing Debt: AIQU.Y's debt to equity ratio has reduced from 82% to 47% over the past 5 years.
Debt Coverage: AIQU.Y's debt is well covered by operating cash flow (51.5%).
Interest Coverage: AIQU.Y's interest payments on its debt are well covered by EBIT (15.5x coverage).