Ermes Department Stores Balance Sheet Health
Financial Health criteria checks 2/6
Ermes Department Stores has a total shareholder equity of €3.0M and total debt of €37.9M, which brings its debt-to-equity ratio to 1260.7%. Its total assets and total liabilities are €182.5M and €179.5M respectively. Ermes Department Stores's EBIT is €10.2M making its interest coverage ratio 1.7. It has cash and short-term investments of €741.0K.
Key information
1,260.7%
Debt to equity ratio
€37.95m
Debt
| Interest coverage ratio | 1.7x |
| Cash | €741.00k |
| Equity | €3.01m |
| Total liabilities | €179.53m |
| Total assets | €182.54m |
Recent financial health updates
No updates
Financial Position Analysis
Short Term Liabilities: ERME's short term assets (€41.1M) do not cover its short term liabilities (€73.9M).
Long Term Liabilities: ERME's short term assets (€41.1M) do not cover its long term liabilities (€105.6M).
Debt to Equity History and Analysis
Debt Level: ERME's net debt to equity ratio (1236%) is considered high.
Reducing Debt: ERME's debt to equity ratio has increased from 213.3% to 1260.7% over the past 5 years.
Balance Sheet
Cash Runway Analysis
For companies that have on average been loss-making in the past, we assess whether they have at least 1 year of cash runway.
Stable Cash Runway: Whilst unprofitable ERME has sufficient cash runway for more than 3 years if it maintains its current positive free cash flow level.
Forecast Cash Runway: ERME is unprofitable but has sufficient cash runway for more than 3 years, due to free cash flow being positive and growing by 27.7% per year.