Obiz Balance Sheet Health
Financial Health criteria checks 2/6
Obiz has a total shareholder equity of €14.8M and total debt of €18.3M, which brings its debt-to-equity ratio to 123.7%. Its total assets and total liabilities are €48.6M and €33.8M respectively. Obiz's EBIT is €1.0M making its interest coverage ratio 2.4. It has cash and short-term investments of €9.7M.
Key information
123.7%
Debt to equity ratio
€18.34m
Debt
Interest coverage ratio | 2.4x |
Cash | €9.65m |
Equity | €14.82m |
Total liabilities | €33.79m |
Total assets | €48.61m |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: 2GD's short term assets (€25.2M) exceed its short term liabilities (€13.6M).
Long Term Liabilities: 2GD's short term assets (€25.2M) exceed its long term liabilities (€20.1M).
Debt to Equity History and Analysis
Debt Level: 2GD's net debt to equity ratio (58.6%) is considered high.
Reducing Debt: Insufficient data to determine if 2GD's debt to equity ratio has reduced over the past 5 years.
Debt Coverage: 2GD's debt is not well covered by operating cash flow (11.8%).
Interest Coverage: 2GD's interest payments on its debt are not well covered by EBIT (2.4x coverage).