ALBIS Leasing Balance Sheet Health
Financial Health criteria checks 2/6
ALBIS Leasing has a total shareholder equity of €32.0M and total debt of €179.6M, which brings its debt-to-equity ratio to 560.7%. Its total assets and total liabilities are €233.3M and €201.3M respectively. ALBIS Leasing's EBIT is €15.4M making its interest coverage ratio 1.4. It has cash and short-term investments of €12.5M.
Key information
560.7%
Debt to equity ratio
€179.62m
Debt
Interest coverage ratio | 1.4x |
Cash | €12.54m |
Equity | €32.04m |
Total liabilities | €201.29m |
Total assets | €233.33m |
Recent financial health updates
No updates
Financial Position Analysis
Short Term Liabilities: ALG's short term assets (€78.9M) exceed its short term liabilities (€76.9M).
Long Term Liabilities: ALG's short term assets (€78.9M) do not cover its long term liabilities (€124.4M).
Debt to Equity History and Analysis
Debt Level: ALG's net debt to equity ratio (521.5%) is considered high.
Reducing Debt: ALG's debt to equity ratio has reduced from 684.9% to 560.7% over the past 5 years.
Debt Coverage: ALG's debt is not well covered by operating cash flow (9.6%).
Interest Coverage: ALG's interest payments on its debt are not well covered by EBIT (1.4x coverage).