EnviTec Biogas Balance Sheet Health
Financial Health criteria checks 6/6
EnviTec Biogas has a total shareholder equity of €197.8M and total debt of €67.3M, which brings its debt-to-equity ratio to 34.1%. Its total assets and total liabilities are €419.3M and €221.5M respectively. EnviTec Biogas's EBIT is €75.6M making its interest coverage ratio 100.8. It has cash and short-term investments of €116.9M.
Key information
34.1%
Debt to equity ratio
€67.34m
Debt
Interest coverage ratio | 100.8x |
Cash | €116.87m |
Equity | €197.75m |
Total liabilities | €221.54m |
Total assets | €419.29m |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: ETG's short term assets (€247.1M) exceed its short term liabilities (€155.9M).
Long Term Liabilities: ETG's short term assets (€247.1M) exceed its long term liabilities (€65.6M).
Debt to Equity History and Analysis
Debt Level: ETG has more cash than its total debt.
Reducing Debt: ETG's debt to equity ratio has reduced from 45.3% to 34.1% over the past 5 years.
Debt Coverage: ETG's debt is well covered by operating cash flow (144.5%).
Interest Coverage: ETG's interest payments on its debt are well covered by EBIT (100.8x coverage).