Fortum Oyj Balance Sheet Health
Financial Health criteria checks 5/6
Fortum Oyj has a total shareholder equity of €8.4B and total debt of €5.9B, which brings its debt-to-equity ratio to 69.8%. Its total assets and total liabilities are €19.0B and €10.6B respectively. Fortum Oyj's EBIT is €1.4B making its interest coverage ratio 28.1. It has cash and short-term investments of €5.0B.
Key information
69.8%
Debt to equity ratio
€5.86b
Debt
Interest coverage ratio | 28.1x |
Cash | €4.97b |
Equity | €8.39b |
Total liabilities | €10.57b |
Total assets | €18.96b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: FOJC.F's short term assets (€7.6B) exceed its short term liabilities (€4.5B).
Long Term Liabilities: FOJC.F's short term assets (€7.6B) exceed its long term liabilities (€6.1B).
Debt to Equity History and Analysis
Debt Level: FOJC.F's net debt to equity ratio (10.6%) is considered satisfactory.
Reducing Debt: FOJC.F's debt to equity ratio has increased from 56.1% to 69.8% over the past 5 years.
Debt Coverage: FOJC.F's debt is well covered by operating cash flow (30.3%).
Interest Coverage: FOJC.F's interest payments on its debt are well covered by EBIT (28.1x coverage).