Mitsides Balance Sheet Health
Financial Health criteria checks 2/6
Mitsides has a total shareholder equity of €15.2M and total debt of €13.4M, which brings its debt-to-equity ratio to 87.7%. Its total assets and total liabilities are €40.4M and €25.1M respectively. Mitsides's EBIT is €1.3M making its interest coverage ratio 1.6. It has cash and short-term investments of €310.4K.
Key information
87.7%
Debt to equity ratio
€13.35m
Debt
| Interest coverage ratio | 1.6x |
| Cash | €310.41k |
| Equity | €15.23m |
| Total liabilities | €25.12m |
| Total assets | €40.35m |
Financial Position Analysis
Short Term Liabilities: MIT's short term assets (€20.3M) exceed its short term liabilities (€20.2M).
Long Term Liabilities: MIT's short term assets (€20.3M) exceed its long term liabilities (€5.0M).
Debt to Equity History and Analysis
Debt Level: MIT's net debt to equity ratio (85.6%) is considered high.
Reducing Debt: MIT's debt to equity ratio has increased from 85.4% to 87.7% over the past 5 years.
Debt Coverage: MIT's debt is not well covered by operating cash flow (13.3%).
Interest Coverage: MIT's interest payments on its debt are not well covered by EBIT (1.6x coverage).