Axactor Balance Sheet Health
Financial Health criteria checks 2/6
Axactor has a total shareholder equity of €423.5M and total debt of €939.1M, which brings its debt-to-equity ratio to 221.7%. Its total assets and total liabilities are €1.4B and €1.0B respectively. Axactor's EBIT is €122.8M making its interest coverage ratio 1.5. It has cash and short-term investments of €31.8M.
Key information
221.7%
Debt to equity ratio
€939.10m
Debt
Interest coverage ratio | 1.5x |
Cash | €31.83m |
Equity | €423.54m |
Total liabilities | €1.01b |
Total assets | €1.44b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: 2LJ's short term assets (€70.9M) exceed its short term liabilities (€50.9M).
Long Term Liabilities: 2LJ's short term assets (€70.9M) do not cover its long term liabilities (€961.4M).
Debt to Equity History and Analysis
Debt Level: 2LJ's net debt to equity ratio (214.2%) is considered high.
Reducing Debt: 2LJ's debt to equity ratio has reduced from 224.6% to 221.7% over the past 5 years.
Debt Coverage: 2LJ's debt is not well covered by operating cash flow (9%).
Interest Coverage: 2LJ's interest payments on its debt are not well covered by EBIT (1.5x coverage).