Minerva Insurance Company Balance Sheet Health
Financial Health criteria checks 3/6
Minerva Insurance Company has a total shareholder equity of €12.6M and total debt of €3.7M, which brings its debt-to-equity ratio to 29.8%. Its total assets and total liabilities are €34.9M and €22.4M respectively. Minerva Insurance Company's EBIT is €2.4M making its interest coverage ratio 11.3. It has cash and short-term investments of €7.1M.
Key information
29.8%
Debt to equity ratio
€3.74m
Debt
| Interest coverage ratio | 11.3x |
| Cash | €7.07m |
| Equity | €12.57m |
| Total liabilities | €22.36m |
| Total assets | €34.93m |
Recent financial health updates
No updates
Recent updates
Minerva Insurance Company Public Ltd (CSE:MINE) Stock Rockets 30% But Many Are Still Ignoring The Company
Apr 25
It's Down 29% But Minerva Insurance Company Public Ltd (CSE:MINE) Could Be Riskier Than It Looks
Mar 09Many Still Looking Away From Minerva Insurance Company Public Ltd (CSE:MINE)
Dec 29If You Like EPS Growth Then Check Out Minerva Insurance Company (CSE:MINE) Before It's Too Late
Aug 26Minerva Insurance Company Public Ltd's (CSE:MINE) 40% Share Price Plunge Could Signal Some Risk
Apr 13Financial Position Analysis
Short Term Liabilities: MINE's short term assets (€11.0M) do not cover its short term liabilities (€16.4M).
Long Term Liabilities: MINE's short term assets (€11.0M) exceed its long term liabilities (€6.0M).
Debt to Equity History and Analysis
Debt Level: MINE has more cash than its total debt.
Reducing Debt: MINE's debt to equity ratio has increased from 28.9% to 29.8% over the past 5 years.
Debt Coverage: MINE's operating cash flow is negative, therefore debt is not well covered.
Interest Coverage: MINE's interest payments on its debt are well covered by EBIT (11.3x coverage).