Rainbow Tours Balance Sheet Health
Financial Health criteria checks 6/6
Rainbow Tours has a total shareholder equity of PLN464.2M and total debt of PLN33.6M, which brings its debt-to-equity ratio to 7.2%. Its total assets and total liabilities are PLN1.3B and PLN826.4M respectively. Rainbow Tours's EBIT is PLN339.0M making its interest coverage ratio -30.4. It has cash and short-term investments of PLN417.2M.
Key information
7.2%
Debt to equity ratio
zł33.58m
Debt
| Interest coverage ratio | -30.4x |
| Cash | zł417.17m |
| Equity | zł464.19m |
| Total liabilities | zł826.38m |
| Total assets | zł1.29b |
Recent financial health updates
No updates
Recent updates
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Financial Position Analysis
Short Term Liabilities: 1X6's short term assets (PLN844.6M) exceed its short term liabilities (PLN753.2M).
Long Term Liabilities: 1X6's short term assets (PLN844.6M) exceed its long term liabilities (PLN73.2M).
Debt to Equity History and Analysis
Debt Level: 1X6 has more cash than its total debt.
Reducing Debt: 1X6's debt to equity ratio has reduced from 43.4% to 7.2% over the past 5 years.
Debt Coverage: 1X6's debt is well covered by operating cash flow (433.2%).
Interest Coverage: 1X6 earns more interest than it pays, so coverage of interest payments is not a concern.