EnBW Energie Baden Wuerttemberg AG

EnBW maintains a capital structure characterized by significant leverage, with a debt-to-equity ratio of 1.65 and long-term debt of €21.2 billion against total equity of €12.9 billion. Liquidity is assessed as medium risk, supported by a current ratio of 1.53 and cash and equivalents of €3.96 billion, though net cash is negative after subtracting total debt. The company generates €4.53 billion in operating cash flow, which is insufficient to cover capital expenditures of €6.83 billion, resulting in negative free cash flow of €5.17 billion.

Profitability metrics indicate a period of transition or investment pressure, with a return on equity of -1.6% and return on assets of -0.31%. The company reported a net income loss of €206.8 million on revenue of €34.39 billion, despite an operating income of €2.19 billion. This divergence between operating income and net income suggests significant non-operating expenses or interest costs associated with the high debt load.

Revenue is derived from three core business areas: Electricity, Gas, and Energy and Environmental Services. The Electricity segment includes generation from nuclear, hydro, solar, geothermal, and wind power, as well as grid and sales divisions. The Gas segment focuses on midstream activities, including import agreements and infrastructure. Specific revenue concentration percentages by segment or geography are not provided in the available data.

Growth trajectory analysis is limited by the absence of historical period data in the input. The current financial snapshot reflects a single normalized period with revenue of €34.39 billion. Without multi-year revenue or net income history, year-over-year growth rates cannot be calculated.

Key risk factors include medium liquidity risk and low dilution risk. The primary financial flag is the negative net cash position after debt subtraction, indicating reliance on external financing or cash flow generation to service obligations. The company has a total share float of 6.89 million shares and 30,391 employees as of late 2025.

Recent observations highlight ESG pillar scores with a controversies score of 100, governance of 40, and social of 62. The company is headquartered in Germany and incorporated in 1997. No specific filing, news, or transcript events are detailed in the input data beyond these static references.