Balance sheetRatio

28 Euronext Paris companies holding more cash than all their debt

28companies

Cash and equivalents exceed every borrowing on the balance sheet, so net debt measured against earnings is negative.

Stocks · Non-US shares · Euronext Paris (PAR) · Ranked by Net debt to EBITDA in times, most cash on the balance sheet first · Rebuilt 2026-11-06 at 13:25 UTC

How this list is built

Net debt is every borrowing on the newest filed balance sheet less cash and equivalents, over EBITDA from the same year's income statement. The list is ordered by how much of the balance sheet is cash, because a near-zero EBITDA makes the ratio enormous without making the company any richer. The screen: companies listed on Euronext Paris, graded A or B for the quality of what they report; a median daily traded value of at least 250,000 US dollars over 90 sessions, stated in each listing's own currency, so a company nobody can trade is never on the list; and no positive price to earnings under 1, which no real company earns, and no close sitting the whole of its own 52-week high below that high, which no listing that still trades can do. 161 companies passed tonight. Each market is ranked on its own and never added to another. Figures as recomputed on 2026-11-06.

The list

28 of 28 companies

Owes less than it holds in cash, ranked by Net debt to EBITDA, most cash on the balance sheet first
#	Company	Market	Sector	Net debt to EBITDA, in times	Debt to equity, in ratio	Current ratio, in ratio	Tangible equity ratio, in ratio	Net debt to EBITDA over time	Source
1	PAR:RMSHermès International Société en commandite par actions	PAR	Consumer Cyclical	-1.3x	0.12	4.99	0.77	Net debt to EBITDA, net debt to ebitda: -0.93 on 2018-12-31 to -1.30 on 2025-12-31, down 40%.	Source n/a
2	PAR:TETechnip Energies N.V.	PAR	Energy	-4.1x	0.56	0.99	-0.03	Net debt to EBITDA, net debt to ebitda: -10.43 on 2017-12-31 to -4.10 on 2025-12-31, up 61%.	Source n/a
3	PAR:PLXPluxee N.V.	PAR	Industrials	-3.2x	3.02	1.05	-0.18	Net debt to EBITDA, net debt to ebitda: -5.79 on 2021-08-31 to -3.19 on 2026-08-31, up 45%.	Source n/a
4	PAR:GTTGaztransport & Technigaz S.A.	PAR	Energy	-0.4x	0.21	2.00	0.41	Net debt to EBITDA, net debt to ebitda: -0.56 on 2020-12-31 to -0.40 on 2025-12-31, up 29%.	Source n/a
5	PAR:ALSEMSEMCO Technologies Société anonyme	PAR	Technology	-0.5x	0.13	3.74	0.67	Net debt to EBITDA, net debt to ebitda: -0.17 on 2024-12-31 to -0.47 on 2025-12-31, down 176%.	Source n/a
6	PAR:VETOVetoquinol S.A.	PAR	Healthcare	-0.6x	0.03	3.08	0.69	Net debt to EBITDA, net debt to ebitda: -1.69 on 2017-12-31 to -0.59 on 2025-12-31, up 65%.	Source n/a
7	PAR:DSYDassault Systèmes SE	PAR	Technology	-0.5x	0.36	1.60	0.23	Net debt to EBITDA, net debt to ebitda: -1.74 on 2018-12-31 to -0.49 on 2025-12-31, up 72%.	Source n/a
8	PAR:VUVusionGroup	PAR	Technology	-1.4x	0.12	1.00	0.12	Net debt to EBITDA, net debt to ebitda: 0.02 on 2020-12-31 to -1.35 on 2025-12-31, down 6850%.	Source n/a
9	PAR:IPNIpsen S.A.	PAR	Healthcare	-0.6x	0.20	1.96	0.35	Net debt to EBITDA, net debt to ebitda: -0.22 on 2016-12-31 to -0.60 on 2025-12-31, down 173%.	Source n/a
10	PAR:KOFKaufman & Broad S.A.	PAR	Consumer Cyclical	-2.1x	0.43	1.07	0.05	Net debt to EBITDA, net debt to ebitda: -0.49 on 2020-11-30 to -2.06 on 2025-11-30, down 320%.	Source n/a
11	PAR:VKVallourec S.A.	PAR	Basic Materials	-0.1x	0.40	2.31	0.47	Net debt to EBITDA, net debt to ebitda: 11.45 on 2022-12-31 to -0.05 on 2025-12-31, down 100%.	Source n/a
12	PAR:ITPInterparfums S.A.	PAR	Consumer Defensive	-0.2x	0.21	2.95	0.60	Net debt to EBITDA, net debt to ebitda: -1.69 on 2017-12-31 to -0.24 on 2025-12-31, up 86%.	Source n/a
13	PAR:LOUPL.d.c. S.a.	PAR	Consumer Defensive	-0.3x	0.28	1.40	0.47	Net debt to EBITDA, net debt to ebitda: 0.60 on 2021-02-28 to -0.25 on 2026-02-28, down 142%.	Source n/a
14	PAR:TFITélévision Française 1 S.A.	PAR	Communication Services	-0.8x	0.11	1.52	0.35	Net debt to EBITDA, net debt to ebitda: 0.41 on 2019-12-31 to -0.75 on 2025-12-31, down 283%.	Source n/a
15	PAR:BBSociété BIC S.A.	PAR	Consumer Defensive	-0.5x	0.19	2.42	0.57	Net debt to EBITDA, net debt to ebitda: -0.39 on 2016-12-31 to -0.53 on 2025-12-31, down 36%.	Source n/a
16	PAR:THEPThermador Groupe S.A.	PAR	Industrials	-0.6x	0.13	3.33	0.64	Net debt to EBITDA, net debt to ebitda: -0.78 on 2016-12-31 to -0.64 on 2025-12-31, up 18%.	Source n/a
17	PAR:AUBAubay S.A.	PAR	Technology	-0.3x	0.22	1.44	0.25	Net debt to EBITDA, net debt to ebitda: 0.27 on 2019-12-31 to -0.29 on 2025-12-31, down 207%.	Source n/a
18	PAR:ALRIBRiber S.A.	PAR	Technology	-0.7x	0.06	1.59	0.45	Net debt to EBITDA, net debt to ebitda: -1.45 on 2018-12-31 to -0.68 on 2025-12-31, up 53%.	Source n/a
19	PAR:WAVEWavestone S.A.	PAR	Technology	-0.8x	0.03	1.59	0.29	Net debt to EBITDA, net debt to ebitda: 0.71 on 2018-03-31 to -0.76 on 2026-03-31, down 207%.	Source n/a
20	PAR:ELECÉlectricite de Strasbourg S.A.	PAR	Utilities	-0.8x	0.02	1.80	0.27	Net debt to EBITDA, net debt to ebitda: -1.29 on 2016-12-31 to -0.83 on 2025-12-31, up 36%.	Source n/a
21	PAR:SAFSafran S.A.	PAR	Industrials	-0.3x	0.36	0.90	0.03	Net debt to EBITDA, net debt to ebitda: -0.02 on 2023-12-31 to -0.26 on 2025-12-31, down 1200%.	Source n/a
22	PAR:MMTMétropole Télévision S.A.	PAR	Communication Services	-0.4x	0.08	1.79	0.48	Net debt to EBITDA, net debt to ebitda: 0.43 on 2019-12-31 to -0.39 on 2025-12-31, down 191%.	Source n/a
23	PAR:BIMbioMérieux S.A.	PAR	Healthcare	-0.1x	0.11	2.39	0.67	Net debt to EBITDA, net debt to ebitda: 0.69 on 2016-12-31 to -0.11 on 2025-12-31, down 116%.	Source n/a
24	PAR:ATEAlten S.A.	PAR	Technology	-0.1x	0.13	1.63	0.37	Net debt to EBITDA, net debt to ebitda: -0.05 on 2018-12-31 to -0.14 on 2025-12-31, down 180%.	Source n/a
25	PAR:MAUEtablissements Maurel & Prom S.A.	PAR	Energy	-0.1x	0.14	1.27	0.52	Net debt to EBITDA, net debt to ebitda: 3.71 on 2015-12-31 to -0.07 on 2024-12-31, down 102%.	Source n/a
26	PAR:CNDFCaisse Regionale de Credit Agricole Mutuel Nord de France Cert.Coop.d'Inv.	PAR	Financial Services	-11.3x	0.02	0.09	0.16	n/a	Source n/a
27	PAR:AMDassault Aviation S.A.	PAR	Industrials	-2.2x	0.03	1.06	0.20	Net debt to EBITDA, net debt to ebitda: -3.64 on 2018-12-31 to -2.20 on 2025-12-31, up 40%.	Source n/a
28	PAR:ABCAABC arbitrage S.A.	PAR	Financial Services	-0.3x	0.02	132.90	0.92	n/a	Source n/a

Filed figures cite the filing they come from; figures marked Market data are quotes as of the date shown. Not a recommendation and not advice.

Past figures are not a forecast. Anything we modelled is labelled as ours. You can lose money on any security.