Altamir Balance Sheet Health
Financial Health criteria checks 3/6
Altamir has a total shareholder equity of €1.3B and total debt of €59.0M, which brings its debt-to-equity ratio to 4.5%. Its total assets and total liabilities are €1.4B and €112.7M respectively. Altamir's EBIT is €32.2M making its interest coverage ratio -25.4. It has cash and short-term investments of €21.6M.
Key information
4.5%
Debt to equity ratio
€59.01m
Debt
Interest coverage ratio | -25.4x |
Cash | €21.60m |
Equity | €1.30b |
Total liabilities | €112.71m |
Total assets | €1.41b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: AJY's short term assets (€21.6M) do not cover its short term liabilities (€70.3M).
Long Term Liabilities: AJY's short term assets (€21.6M) do not cover its long term liabilities (€42.4M).
Debt to Equity History and Analysis
Debt Level: AJY's net debt to equity ratio (2.9%) is considered satisfactory.
Reducing Debt: AJY's debt to equity ratio has reduced from 20.1% to 4.5% over the past 5 years.
Debt Coverage: AJY's operating cash flow is negative, therefore debt is not well covered.
Interest Coverage: AJY earns more interest than it pays, so coverage of interest payments is not a concern.