Black Sea Property Balance Sheet Health
Financial Health criteria checks 1/6
Black Sea Property has a total shareholder equity of €28.8M and total debt of €22.5M, which brings its debt-to-equity ratio to 78.3%. Its total assets and total liabilities are €55.1M and €26.3M respectively.
Key information
78.3%
Debt to equity ratio
€22.52m
Debt
Interest coverage ratio | n/a |
Cash | €239.41k |
Equity | €28.78m |
Total liabilities | €26.28m |
Total assets | €55.06m |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: XE8's short term assets (€6.6M) exceed its short term liabilities (€5.1M).
Long Term Liabilities: XE8's short term assets (€6.6M) do not cover its long term liabilities (€21.1M).
Debt to Equity History and Analysis
Debt Level: XE8's net debt to equity ratio (77.4%) is considered high.
Reducing Debt: XE8's debt to equity ratio has increased from 71.8% to 78.3% over the past 5 years.
Debt Coverage: XE8's operating cash flow is negative, therefore debt is not well covered.
Interest Coverage: Insufficient data to determine if XE8's interest payments on its debt are well covered by EBIT.