HiPay Group Balance Sheet Health
Financial Health criteria checks 3/6
HiPay Group has a total shareholder equity of €29.4M and total debt of €23.2M, which brings its debt-to-equity ratio to 78.8%. Its total assets and total liabilities are €175.8M and €146.4M respectively. HiPay Group's EBIT is €6.4M making its interest coverage ratio 14.6. It has cash and short-term investments of €182.0K.
Key information
78.8%
Debt to equity ratio
€23.19m
Debt
| Interest coverage ratio | 14.6x |
| Cash | €182.00k |
| Equity | €29.42m |
| Total liabilities | €146.39m |
| Total assets | €175.82m |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: 9LH's short term assets (€121.7M) do not cover its short term liabilities (€134.0M).
Long Term Liabilities: 9LH's short term assets (€121.7M) exceed its long term liabilities (€12.4M).
Debt to Equity History and Analysis
Debt Level: 9LH's net debt to equity ratio (78.2%) is considered high.
Reducing Debt: 9LH's debt to equity ratio has increased from 39.4% to 78.8% over the past 5 years.
Debt Coverage: 9LH's debt is well covered by operating cash flow (29.8%).
Interest Coverage: 9LH's interest payments on its debt are well covered by EBIT (14.6x coverage).