Snam Balance Sheet Health
Financial Health criteria checks 2/6
Snam has a total shareholder equity of €7.7B and total debt of €16.6B, which brings its debt-to-equity ratio to 216.3%. Its total assets and total liabilities are €33.5B and €25.8B respectively. Snam's EBIT is €1.5B making its interest coverage ratio 7. It has cash and short-term investments of €1.4B.
Key information
216.3%
Debt to equity ratio
€16.61b
Debt
Interest coverage ratio | 7x |
Cash | €1.38b |
Equity | €7.68b |
Total liabilities | €25.85b |
Total assets | €33.53b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: SNMR.F's short term assets (€8.9B) do not cover its short term liabilities (€12.1B).
Long Term Liabilities: SNMR.F's short term assets (€8.9B) do not cover its long term liabilities (€13.7B).
Debt to Equity History and Analysis
Debt Level: SNMR.F's net debt to equity ratio (198.3%) is considered high.
Reducing Debt: SNMR.F's debt to equity ratio has reduced from 224.8% to 216.3% over the past 5 years.
Debt Coverage: SNMR.F's operating cash flow is negative, therefore debt is not well covered.
Interest Coverage: SNMR.F's interest payments on its debt are well covered by EBIT (7x coverage).