Kreate Group Oyj Balance Sheet Health
Financial Health criteria checks 3/6
Kreate Group Oyj has a total shareholder equity of €42.6M and total debt of €31.5M, which brings its debt-to-equity ratio to 73.9%. Its total assets and total liabilities are €122.0M and €79.4M respectively. Kreate Group Oyj's EBIT is €9.7M making its interest coverage ratio 3.3. It has cash and short-term investments of €14.1M.
Key information
73.9%
Debt to equity ratio
€31.50m
Debt
Interest coverage ratio | 3.3x |
Cash | €14.10m |
Equity | €42.60m |
Total liabilities | €79.40m |
Total assets | €122.00m |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: 16T's short term assets (€47.4M) do not cover its short term liabilities (€49.7M).
Long Term Liabilities: 16T's short term assets (€47.4M) exceed its long term liabilities (€29.7M).
Debt to Equity History and Analysis
Debt Level: 16T's net debt to equity ratio (40.8%) is considered high.
Reducing Debt: Insufficient data to determine if 16T's debt to equity ratio has reduced over the past 5 years.
Debt Coverage: 16T's debt is well covered by operating cash flow (89.5%).
Interest Coverage: 16T's interest payments on its debt are well covered by EBIT (3.3x coverage).