Axactor Balance Sheet Health
Financial Health criteria checks 2/6
Axactor has a total shareholder equity of €417.8M and total debt of €959.1M, which brings its debt-to-equity ratio to 229.5%. Its total assets and total liabilities are €1.4B and €1.0B respectively. Axactor's EBIT is €108.2M making its interest coverage ratio 1.2. It has cash and short-term investments of €24.8M.
Key information
229.5%
Debt to equity ratio
€959.11m
Debt
| Interest coverage ratio | 1.2x |
| Cash | €24.78m |
| Equity | €417.84m |
| Total liabilities | €1.02b |
| Total assets | €1.44b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: 2LJ's short term assets (€84.2M) exceed its short term liabilities (€35.5M).
Long Term Liabilities: 2LJ's short term assets (€84.2M) do not cover its long term liabilities (€981.7M).
Debt to Equity History and Analysis
Debt Level: 2LJ's net debt to equity ratio (223.6%) is considered high.
Reducing Debt: 2LJ's debt to equity ratio has reduced from 235.5% to 229.5% over the past 5 years.
Debt Coverage: 2LJ's debt is not well covered by operating cash flow (7%).
Interest Coverage: 2LJ's interest payments on its debt are not well covered by EBIT (1.2x coverage).