Ermes Department Stores Balance Sheet Health
Financial Health criteria checks 1/6
Ermes Department Stores has a total shareholder equity of €4.4M and total debt of €26.0M, which brings its debt-to-equity ratio to 587.5%. Its total assets and total liabilities are €179.4M and €175.0M respectively. Ermes Department Stores's EBIT is €2.5M making its interest coverage ratio 5.7. It has cash and short-term investments of €660.0K.
Key information
587.5%
Debt to equity ratio
€25.96m
Debt
Interest coverage ratio | 5.7x |
Cash | €660.00k |
Equity | €4.42m |
Total liabilities | €175.00m |
Total assets | €179.42m |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: ERME's short term assets (€36.4M) do not cover its short term liabilities (€79.3M).
Long Term Liabilities: ERME's short term assets (€36.4M) do not cover its long term liabilities (€95.7M).
Debt to Equity History and Analysis
Debt Level: ERME's net debt to equity ratio (572.5%) is considered high.
Reducing Debt: ERME's debt to equity ratio has increased from 95.9% to 587.5% over the past 5 years.
Debt Coverage: ERME's debt is not well covered by operating cash flow (5.5%).
Interest Coverage: ERME's interest payments on its debt are well covered by EBIT (5.7x coverage).