Holding Varna AD Balance Sheet Health
Financial Health criteria checks 2/6
Holding Varna AD has a total shareholder equity of BGN227.3M and total debt of BGN185.5M, which brings its debt-to-equity ratio to 81.6%. Its total assets and total liabilities are BGN449.7M and BGN222.4M respectively. Holding Varna AD's EBIT is BGN7.7M making its interest coverage ratio 1. It has cash and short-term investments of BGN46.9M.
Key information
81.6%
Debt to equity ratio
лв185.50m
Debt
| Interest coverage ratio | 1x |
| Cash | лв46.95m |
| Equity | лв227.30m |
| Total liabilities | лв222.40m |
| Total assets | лв449.70m |
Recent financial health updates
No updates
Financial Position Analysis
Short Term Liabilities: HVAR's short term assets (BGN113.9M) exceed its short term liabilities (BGN91.9M).
Long Term Liabilities: HVAR's short term assets (BGN113.9M) do not cover its long term liabilities (BGN130.5M).
Debt to Equity History and Analysis
Debt Level: HVAR's net debt to equity ratio (61%) is considered high.
Reducing Debt: HVAR's debt to equity ratio has reduced from 86.9% to 81.6% over the past 5 years.
Debt Coverage: HVAR's debt is not well covered by operating cash flow (7.6%).
Interest Coverage: HVAR's interest payments on its debt are not well covered by EBIT (1x coverage).
Balance Sheet
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Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2024/12/29 04:08 |
| End of Day Share Price | 2024/12/18 00:00 |
| Earnings | 2024/09/30 |
| Annual Earnings | 2023/12/31 |
Data Sources
The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.
| Package | Data | Timeframe | Example US Source * |
|---|---|---|---|
| Company Financials | 10 years |
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| Analyst Consensus Estimates | +3 years |
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| Market Prices | 30 years |
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| Ownership | 10 years |
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| Management | 10 years |
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| Key Developments | 10 years |
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* example for US securities, for non-US equivalent regulatory forms and sources are used.
Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.
Analysis Model and Snowflake
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Industry and Sector Metrics
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Analyst Sources
Holding Varna AD is covered by 0 analysts. 0 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.
| Analyst | Institution |
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