Mare Engineering Group Balance Sheet Health
Financial Health criteria checks 3/6
Mare Engineering Group has a total shareholder equity of €24.3M and total debt of €25.9M, which brings its debt-to-equity ratio to 106.6%. Its total assets and total liabilities are €71.2M and €46.9M respectively. Mare Engineering Group's EBIT is €5.5M making its interest coverage ratio 5.6. It has cash and short-term investments of €7.2M.
Key information
106.6%
Debt to equity ratio
€25.87m
Debt
| Interest coverage ratio | 5.6x |
| Cash | €7.16m |
| Equity | €24.27m |
| Total liabilities | €46.92m |
| Total assets | €71.20m |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: EZ3's short term assets (€40.1M) exceed its short term liabilities (€26.9M).
Long Term Liabilities: EZ3's short term assets (€40.1M) exceed its long term liabilities (€20.0M).
Debt to Equity History and Analysis
Debt Level: EZ3's net debt to equity ratio (77.1%) is considered high.
Reducing Debt: Insufficient data to determine if EZ3's debt to equity ratio has reduced over the past 5 years.
Debt Coverage: EZ3's debt is not well covered by operating cash flow (8.7%).
Interest Coverage: EZ3's interest payments on its debt are well covered by EBIT (5.6x coverage).