Minerva Insurance Company Balance Sheet Health
Financial Health criteria checks 4/6
Minerva Insurance Company has a total shareholder equity of €12.7M and total debt of €4.8M, which brings its debt-to-equity ratio to 37.5%. Its total assets and total liabilities are €36.3M and €23.6M respectively. Minerva Insurance Company's EBIT is €1.7M making its interest coverage ratio 7.7. It has cash and short-term investments of €6.7M.
Key information
37.5%
Debt to equity ratio
€4.77m
Debt
| Interest coverage ratio | 7.7x |
| Cash | €6.66m |
| Equity | €12.70m |
| Total liabilities | €23.63m |
| Total assets | €36.33m |
Recent financial health updates
No updates
Recent updates
Potential Upside For Minerva Insurance Company Public Ltd (CSE:MINE) Not Without Risk
Sep 29
We Ran A Stock Scan For Earnings Growth And Minerva Insurance Company (CSE:MINE) Passed With Ease
Aug 07Minerva Insurance Company Public Ltd (CSE:MINE) Stock Rockets 77% But Many Are Still Ignoring The Company
Jun 15Minerva Insurance Company Public Ltd (CSE:MINE) Stock Rockets 30% But Many Are Still Ignoring The Company
Apr 25It'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 (€12.7M) do not cover its short term liabilities (€15.1M).
Long Term Liabilities: MINE's short term assets (€12.7M) exceed its long term liabilities (€8.5M).
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 reduced from 55.2% to 37.5% over the past 5 years.
Debt Coverage: MINE's debt is not well covered by operating cash flow (7.9%).
Interest Coverage: MINE's interest payments on its debt are well covered by EBIT (7.7x coverage).