Racing Force Balance Sheet Health
Financial Health criteria checks 5/6
Racing Force has a total shareholder equity of €59.4M and total debt of €11.5M, which brings its debt-to-equity ratio to 19.4%. Its total assets and total liabilities are €91.2M and €31.8M respectively. Racing Force's EBIT is €6.4M making its interest coverage ratio 21.6. It has cash and short-term investments of €15.6M.
Key information
19.4%
Debt to equity ratio
€11.55m
Debt
| Interest coverage ratio | 21.6x |
| Cash | €15.61m |
| Equity | €59.42m |
| Total liabilities | €31.76m |
| Total assets | €91.18m |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: X7Q's short term assets (€57.4M) exceed its short term liabilities (€19.1M).
Long Term Liabilities: X7Q's short term assets (€57.4M) exceed its long term liabilities (€12.7M).
Debt to Equity History and Analysis
Debt Level: X7Q has more cash than its total debt.
Reducing Debt: Insufficient data to determine if X7Q's debt to equity ratio has reduced over the past 5 years.
Debt Coverage: X7Q's debt is well covered by operating cash flow (58.2%).
Interest Coverage: X7Q's interest payments on its debt are well covered by EBIT (21.6x coverage).