Icelandic Salmon Balance Sheet Health
Financial Health criteria checks 3/6
Icelandic Salmon has a total shareholder equity of €155.1M and total debt of €53.3M, which brings its debt-to-equity ratio to 34.4%. Its total assets and total liabilities are €240.2M and €85.1M respectively. Icelandic Salmon's EBIT is €810.0K making its interest coverage ratio 0.2. It has cash and short-term investments of €1.5M.
Key information
34.4%
Debt to equity ratio
€53.30m
Debt
| Interest coverage ratio | 0.2x |
| Cash | €1.51m |
| Equity | €155.07m |
| Total liabilities | €85.12m |
| Total assets | €240.19m |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: I6X's short term assets (€90.4M) exceed its short term liabilities (€23.2M).
Long Term Liabilities: I6X's short term assets (€90.4M) exceed its long term liabilities (€61.9M).
Debt to Equity History and Analysis
Debt Level: I6X's net debt to equity ratio (33.4%) is considered satisfactory.
Reducing Debt: Insufficient data to determine if I6X's debt to equity ratio has reduced over the past 5 years.
Debt Coverage: I6X's debt is not well covered by operating cash flow (14.4%).
Interest Coverage: I6X's interest payments on its debt are not well covered by EBIT (0.2x coverage).