Herti AD Balance Sheet Health
Financial Health criteria checks 4/6
Herti AD has a total shareholder equity of BGN19.9M and total debt of BGN17.0M, which brings its debt-to-equity ratio to 85.4%. Its total assets and total liabilities are BGN54.7M and BGN34.7M respectively. Herti AD's EBIT is BGN3.3M making its interest coverage ratio 10.8. It has cash and short-term investments of BGN3.4M.
Key information
85.4%
Debt to equity ratio
лв17.02m
Debt
| Interest coverage ratio | 10.8x |
| Cash | лв3.42m |
| Equity | лв19.94m |
| Total liabilities | лв34.75m |
| Total assets | лв54.69m |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: HERT's short term assets (BGN30.0M) exceed its short term liabilities (BGN20.6M).
Long Term Liabilities: HERT's short term assets (BGN30.0M) exceed its long term liabilities (BGN14.2M).
Debt to Equity History and Analysis
Debt Level: HERT's net debt to equity ratio (68.2%) is considered high.
Reducing Debt: HERT's debt to equity ratio has reduced from 111% to 85.4% over the past 5 years.
Debt Coverage: HERT's debt is not well covered by operating cash flow (14.3%).
Interest Coverage: HERT's interest payments on its debt are well covered by EBIT (10.8x coverage).