ErreDue Balance Sheet Health
Financial Health criteria checks 5/6
ErreDue has a total shareholder equity of €30.9M and total debt of €2.1M, which brings its debt-to-equity ratio to 6.9%. Its total assets and total liabilities are €40.7M and €9.8M respectively. ErreDue's EBIT is €4.1M making its interest coverage ratio -9.7. It has cash and short-term investments of €19.0M.
Key information
6.9%
Debt to equity ratio
€2.12m
Debt
| Interest coverage ratio | -9.7x |
| Cash | €19.04m |
| Equity | €30.94m |
| Total liabilities | €9.77m |
| Total assets | €40.71m |
Recent financial health updates
No updates
Recent updates
No updates
Financial Position Analysis
Short Term Liabilities: Z9H's short term assets (€29.4M) exceed its short term liabilities (€5.9M).
Long Term Liabilities: Z9H's short term assets (€29.4M) exceed its long term liabilities (€3.9M).
Debt to Equity History and Analysis
Debt Level: Z9H has more cash than its total debt.
Reducing Debt: Insufficient data to determine if Z9H's debt to equity ratio has reduced over the past 5 years.
Debt Coverage: Z9H's debt is well covered by operating cash flow (170.2%).
Interest Coverage: Z9H earns more interest than it pays, so coverage of interest payments is not a concern.