Kreate Group Oyj Balance Sheet Health
Financial Health criteria checks 3/6
Kreate Group Oyj has a total shareholder equity of €43.8M and total debt of €33.2M, which brings its debt-to-equity ratio to 75.8%. Its total assets and total liabilities are €136.3M and €92.5M respectively. Kreate Group Oyj's EBIT is €10.1M making its interest coverage ratio 4.5. It has cash and short-term investments of €10.2M.
Key information
75.8%
Debt to equity ratio
€33.20m
Debt
| Interest coverage ratio | 4.5x |
| Cash | €10.20m |
| Equity | €43.80m |
| Total liabilities | €92.50m |
| Total assets | €136.30m |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: 16T's short term assets (€59.0M) do not cover its short term liabilities (€62.7M).
Long Term Liabilities: 16T's short term assets (€59.0M) exceed its long term liabilities (€29.8M).
Debt to Equity History and Analysis
Debt Level: 16T's net debt to equity ratio (52.5%) 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 (57.5%).
Interest Coverage: 16T's interest payments on its debt are well covered by EBIT (4.5x coverage).