Arctic Fish Holding Balance Sheet Health
Financial Health criteria checks 1/6
Arctic Fish Holding has a total shareholder equity of €87.1M and total debt of €137.0M, which brings its debt-to-equity ratio to 157.3%. Its total assets and total liabilities are €238.1M and €151.0M respectively. Arctic Fish Holding's EBIT is €14.8M making its interest coverage ratio 1.9. It has cash and short-term investments of €8.1M.
Key information
157.3%
Debt to equity ratio
€136.97m
Debt
| Interest coverage ratio | 1.9x |
| Cash | €8.13m |
| Equity | €87.10m |
| Total liabilities | €150.95m |
| Total assets | €238.06m |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: 6TW's short term assets (€99.5M) exceed its short term liabilities (€14.0M).
Long Term Liabilities: 6TW's short term assets (€99.5M) do not cover its long term liabilities (€137.0M).
Debt to Equity History and Analysis
Debt Level: 6TW's net debt to equity ratio (147.9%) is considered high.
Reducing Debt: 6TW's debt to equity ratio has increased from 117.6% to 157.3% over the past 5 years.
Debt Coverage: 6TW's operating cash flow is negative, therefore debt is not well covered.
Interest Coverage: 6TW's interest payments on its debt are not well covered by EBIT (1.9x coverage).