High Quality Food Balance Sheet Health
Financial Health criteria checks 2/6
High Quality Food has a total shareholder equity of €8.6M and total debt of €8.4M, which brings its debt-to-equity ratio to 98.5%. Its total assets and total liabilities are €22.9M and €14.4M respectively. High Quality Food's EBIT is €1.5M making its interest coverage ratio 2.7. It has cash and short-term investments of €787.8K.
Key information
98.5%
Debt to equity ratio
€8.45m
Debt
| Interest coverage ratio | 2.7x |
| Cash | €787.79k |
| Equity | €8.58m |
| Total liabilities | €14.36m |
| Total assets | €22.94m |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: L24's short term assets (€18.5M) exceed its short term liabilities (€9.7M).
Long Term Liabilities: L24's short term assets (€18.5M) exceed its long term liabilities (€4.7M).
Debt to Equity History and Analysis
Debt Level: L24's net debt to equity ratio (89.3%) is considered high.
Reducing Debt: Insufficient data to determine if L24's debt to equity ratio has reduced over the past 5 years.
Debt Coverage: L24's operating cash flow is negative, therefore debt is not well covered.
Interest Coverage: L24's interest payments on its debt are not well covered by EBIT (2.7x coverage).