Sofia Hotel Balkan AD Balance Sheet Health
Financial Health criteria checks 1/6
Sofia Hotel Balkan AD has a total shareholder equity of BGN40.5M and total debt of BGN119.7M, which brings its debt-to-equity ratio to 295.4%. Its total assets and total liabilities are BGN177.7M and BGN137.2M respectively. Sofia Hotel Balkan AD's EBIT is BGN7.8M making its interest coverage ratio 1.7. It has cash and short-term investments of BGN446.0K.
Key information
295.4%
Debt to equity ratio
лв119.73m
Debt
| Interest coverage ratio | 1.7x |
| Cash | лв446.00k |
| Equity | лв40.53m |
| Total liabilities | лв137.19m |
| Total assets | лв177.72m |
Recent financial health updates
No updates
Recent updates
No updates
Financial Position Analysis
Short Term Liabilities: SHB's short term assets (BGN3.1M) do not cover its short term liabilities (BGN17.0M).
Long Term Liabilities: SHB's short term assets (BGN3.1M) do not cover its long term liabilities (BGN120.2M).
Debt to Equity History and Analysis
Debt Level: SHB's net debt to equity ratio (294.3%) is considered high.
Reducing Debt: SHB's debt to equity ratio has reduced from 338.9% to 295.4% over the past 5 years.
Debt Coverage: SHB's debt is not well covered by operating cash flow (6.3%).
Interest Coverage: SHB's interest payments on its debt are not well covered by EBIT (1.7x coverage).