Italgas Balance Sheet Health
Financial Health criteria checks 2/6
Italgas has a total shareholder equity of €2.5B and total debt of €7.1B, which brings its debt-to-equity ratio to 278.5%. Its total assets and total liabilities are €11.5B and €9.0B respectively. Italgas's EBIT is €744.4M making its interest coverage ratio 7.9. It has cash and short-term investments of €344.6M.
Key information
278.5%
Debt to equity ratio
€7.10b
Debt
| Interest coverage ratio | 7.9x |
| Cash | €344.63m |
| Equity | €2.55b |
| Total liabilities | €8.99b |
| Total assets | €11.54b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: ITGG.F's short term assets (€1.4B) do not cover its short term liabilities (€2.5B).
Long Term Liabilities: ITGG.F's short term assets (€1.4B) do not cover its long term liabilities (€6.5B).
Debt to Equity History and Analysis
Debt Level: ITGG.F's net debt to equity ratio (265%) is considered high.
Reducing Debt: ITGG.F's debt to equity ratio has reduced from 297.8% to 278.5% over the past 5 years.
Debt Coverage: ITGG.F's debt is not well covered by operating cash flow (10.9%).
Interest Coverage: ITGG.F's interest payments on its debt are well covered by EBIT (7.9x coverage).