Albena AD Balance Sheet Health
Financial Health criteria checks 3/6
Albena AD has a total shareholder equity of BGN455.9M and total debt of BGN76.4M, which brings its debt-to-equity ratio to 16.8%. Its total assets and total liabilities are BGN609.8M and BGN153.9M respectively. Albena AD's EBIT is BGN7.6M making its interest coverage ratio 2.3. It has cash and short-term investments of BGN17.8M.
Key information
16.8%
Debt to equity ratio
лв76.43m
Debt
| Interest coverage ratio | 2.3x |
| Cash | лв17.85m |
| Equity | лв455.90m |
| Total liabilities | лв153.88m |
| Total assets | лв609.78m |
Recent financial health updates
Financial Position Analysis
Short Term Liabilities: ALB's short term assets (BGN46.4M) do not cover its short term liabilities (BGN66.3M).
Long Term Liabilities: ALB's short term assets (BGN46.4M) do not cover its long term liabilities (BGN87.6M).
Debt to Equity History and Analysis
Debt Level: ALB's net debt to equity ratio (12.8%) is considered satisfactory.
Reducing Debt: ALB's debt to equity ratio has reduced from 23.3% to 16.8% over the past 5 years.
Debt Coverage: ALB's debt is well covered by operating cash flow (28.6%).
Interest Coverage: ALB's interest payments on its debt are not well covered by EBIT (2.3x coverage).