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).
Balance Sheet
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Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2024/12/26 21:54 |
| End of Day Share Price | 2024/12/23 00:00 |
| Earnings | 2024/06/30 |
| Annual Earnings | 2023/12/31 |
Data Sources
The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.
| Package | Data | Timeframe | Example US Source * |
|---|---|---|---|
| Company Financials | 10 years |
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| Analyst Consensus Estimates | +3 years |
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| Market Prices | 30 years |
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| Ownership | 10 years |
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| Management | 10 years |
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| Key Developments | 10 years |
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* example for US securities, for non-US equivalent regulatory forms and sources are used.
Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.
Analysis Model and Snowflake
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Industry and Sector Metrics
Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on .
Analyst Sources
High Quality Food S.p.A. is covered by 2 analysts. 1 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.
| Analyst | Institution |
|---|---|
| Gian Guicciardi | Banca Finnat Euramerica SpA |
| null null | Intermonte SIM S.p.A. |