Neodecortech Balance Sheet Health
Financial Health criteria checks 5/6
Neodecortech has a total shareholder equity of €79.0M and total debt of €23.9M, which brings its debt-to-equity ratio to 30.2%. Its total assets and total liabilities are €171.1M and €92.0M respectively. Neodecortech's EBIT is €7.0M making its interest coverage ratio 2.6. It has cash and short-term investments of €7.3M.
Key information
30.2%
Debt to equity ratio
€23.88m
Debt
| Interest coverage ratio | 2.6x |
| Cash | €7.30m |
| Equity | €79.03m |
| Total liabilities | €92.04m |
| Total assets | €171.07m |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: FM2's short term assets (€93.0M) exceed its short term liabilities (€60.9M).
Long Term Liabilities: FM2's short term assets (€93.0M) exceed its long term liabilities (€31.1M).
Debt to Equity History and Analysis
Debt Level: FM2's net debt to equity ratio (21%) is considered satisfactory.
Reducing Debt: FM2's debt to equity ratio has reduced from 62.7% to 30.2% over the past 5 years.
Debt Coverage: FM2's debt is well covered by operating cash flow (20.4%).
Interest Coverage: FM2's interest payments on its debt are not well covered by EBIT (2.6x coverage).