Premia Finance Balance Sheet Health
Financial Health criteria checks 5/6
Premia Finance has a total shareholder equity of €2.4M and total debt of €18.2K, which brings its debt-to-equity ratio to 0.8%. Its total assets and total liabilities are €3.7M and €1.3M respectively. Premia Finance's EBIT is €127.9K making its interest coverage ratio 19.1. It has cash and short-term investments of €832.3K.
Key information
0.8%
Debt to equity ratio
€18.20k
Debt
| Interest coverage ratio | 19.1x |
| Cash | €832.33k |
| Equity | €2.38m |
| Total liabilities | €1.30m |
| Total assets | €3.68m |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: 81U's short term assets (€2.6M) exceed its short term liabilities (€1.2M).
Long Term Liabilities: 81U's short term assets (€2.6M) exceed its long term liabilities (€118.4K).
Debt to Equity History and Analysis
Debt Level: 81U has more cash than its total debt.
Reducing Debt: 81U's debt to equity ratio has increased from 0.3% to 0.8% over the past 5 years.
Debt Coverage: 81U's debt is well covered by operating cash flow (111%).
Interest Coverage: 81U's interest payments on its debt are well covered by EBIT (19.1x coverage).