Neodecortech Balance Sheet Health
Financial Health criteria checks 5/6
Neodecortech has a total shareholder equity of €77.5M and total debt of €37.9M, which brings its debt-to-equity ratio to 48.9%. Its total assets and total liabilities are €164.8M and €87.3M respectively. Neodecortech's EBIT is €4.2M making its interest coverage ratio 2. It has cash and short-term investments of €12.2M.
Key information
48.9%
Debt to equity ratio
€37.89m
Debt
Interest coverage ratio | 2x |
Cash | €12.16m |
Equity | €77.46m |
Total liabilities | €87.34m |
Total assets | €164.80m |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: FM2's short term assets (€85.3M) exceed its short term liabilities (€56.3M).
Long Term Liabilities: FM2's short term assets (€85.3M) exceed its long term liabilities (€31.0M).
Debt to Equity History and Analysis
Debt Level: FM2's net debt to equity ratio (33.2%) is considered satisfactory.
Reducing Debt: FM2's debt to equity ratio has reduced from 74.1% to 48.9% over the past 5 years.
Debt Coverage: FM2's debt is well covered by operating cash flow (36.3%).
Interest Coverage: FM2's interest payments on its debt are not well covered by EBIT (2x coverage).