ELSA Solutions Balance Sheet Health
Financial Health criteria checks 3/6
ELSA Solutions has a total shareholder equity of €9.5M and total debt of €7.3M, which brings its debt-to-equity ratio to 76.9%. Its total assets and total liabilities are €22.9M and €13.4M respectively. ELSA Solutions's EBIT is €2.2M making its interest coverage ratio 9.4. It has cash and short-term investments of €1.9M.
Key information
76.9%
Debt to equity ratio
€7.28m
Debt
Interest coverage ratio | 9.4x |
Cash | €1.91m |
Equity | €9.47m |
Total liabilities | €13.44m |
Total assets | €22.92m |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: 7TX's short term assets (€16.1M) exceed its short term liabilities (€10.2M).
Long Term Liabilities: 7TX's short term assets (€16.1M) exceed its long term liabilities (€3.3M).
Debt to Equity History and Analysis
Debt Level: 7TX's net debt to equity ratio (56.7%) is considered high.
Reducing Debt: Insufficient data to determine if 7TX's debt to equity ratio has reduced over the past 5 years.
Debt Coverage: 7TX's operating cash flow is negative, therefore debt is not well covered.
Interest Coverage: 7TX's interest payments on its debt are well covered by EBIT (9.4x coverage).