ALBIS Leasing Balance Sheet Health
Financial Health criteria checks 2/6
ALBIS Leasing has a total shareholder equity of €34.4M and total debt of €182.1M, which brings its debt-to-equity ratio to 529.2%. Its total assets and total liabilities are €235.4M and €201.0M respectively. ALBIS Leasing's EBIT is €17.6M making its interest coverage ratio 1.4. It has cash and short-term investments of €11.7M.
Key information
529.2%
Debt to equity ratio
€182.05m
Debt
| Interest coverage ratio | 1.4x |
| Cash | €11.69m |
| Equity | €34.40m |
| Total liabilities | €201.01m |
| Total assets | €235.41m |
Recent financial health updates
No updates
Financial Position Analysis
Short Term Liabilities: ALG's short term assets (€82.0M) exceed its short term liabilities (€75.4M).
Long Term Liabilities: ALG's short term assets (€82.0M) do not cover its long term liabilities (€125.6M).
Debt to Equity History and Analysis
Debt Level: ALG's net debt to equity ratio (495.2%) is considered high.
Reducing Debt: ALG's debt to equity ratio has reduced from 829.2% to 529.2% over the past 5 years.
Debt Coverage: ALG's debt is not well covered by operating cash flow (5.8%).
Interest Coverage: ALG's interest payments on its debt are not well covered by EBIT (1.4x coverage).