Clere Balance Sheet Health
Financial Health criteria checks 3/6
Clere has a total shareholder equity of €140.0M and total debt of €131.6M, which brings its debt-to-equity ratio to 94%. Its total assets and total liabilities are €302.5M and €162.5M respectively. Clere's EBIT is €10.9M making its interest coverage ratio 1.6. It has cash and short-term investments of €48.7M.
Key information
94.0%
Debt to equity ratio
€131.58m
Debt
| Interest coverage ratio | 1.6x |
| Cash | €48.70m |
| Equity | €140.01m |
| Total liabilities | €162.46m |
| Total assets | €302.47m |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: CAG0's short term assets (€79.3M) exceed its short term liabilities (€24.4M).
Long Term Liabilities: CAG0's short term assets (€79.3M) do not cover its long term liabilities (€138.0M).
Debt to Equity History and Analysis
Debt Level: CAG0's net debt to equity ratio (59.2%) is considered high.
Reducing Debt: CAG0's debt to equity ratio has reduced from 110.7% to 94% over the past 5 years.
Debt Coverage: CAG0's debt is well covered by operating cash flow (22.7%).
Interest Coverage: CAG0's interest payments on its debt are not well covered by EBIT (1.6x coverage).