Enagás Balance Sheet Health
Financial Health criteria checks 2/6
Enagás has a total shareholder equity of €2.8B and total debt of €4.8B, which brings its debt-to-equity ratio to 171.1%. Its total assets and total liabilities are €8.6B and €5.8B respectively. Enagás's EBIT is €299.7M making its interest coverage ratio 3.1. It has cash and short-term investments of €971.9M.
Key information
171.1%
Debt to equity ratio
€4.84b
Debt
Interest coverage ratio | 3.1x |
Cash | €971.90m |
Equity | €2.83b |
Total liabilities | €5.81b |
Total assets | €8.64b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: ENGG.Y's short term assets (€1.3B) do not cover its short term liabilities (€2.2B).
Long Term Liabilities: ENGG.Y's short term assets (€1.3B) do not cover its long term liabilities (€3.6B).
Debt to Equity History and Analysis
Debt Level: ENGG.Y's net debt to equity ratio (136.7%) is considered high.
Reducing Debt: ENGG.Y's debt to equity ratio has reduced from 194.3% to 171.1% over the past 5 years.
Debt Coverage: ENGG.Y's debt is not well covered by operating cash flow (13%).
Interest Coverage: ENGG.Y's interest payments on its debt are well covered by EBIT (3.1x coverage).