1000mercis Balance Sheet Health
Financial Health criteria checks 2/6
1000mercis has a total shareholder equity of €16.5M and total debt of €42.0M, which brings its debt-to-equity ratio to 253.6%. Its total assets and total liabilities are €88.5M and €72.0M respectively. 1000mercis's EBIT is €4.9M making its interest coverage ratio 2.2. It has cash and short-term investments of €19.6M.
Key information
253.6%
Debt to equity ratio
€41.96m
Debt
| Interest coverage ratio | 2.2x |
| Cash | €19.62m |
| Equity | €16.55m |
| Total liabilities | €71.95m |
| Total assets | €88.50m |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: 2PL's short term assets (€55.5M) exceed its short term liabilities (€30.5M).
Long Term Liabilities: 2PL's short term assets (€55.5M) exceed its long term liabilities (€41.5M).
Debt to Equity History and Analysis
Debt Level: 2PL's net debt to equity ratio (135%) is considered high.
Reducing Debt: 2PL's debt to equity ratio has increased from 38.9% to 253.6% over the past 5 years.
Debt Coverage: 2PL's debt is not well covered by operating cash flow (3.9%).
Interest Coverage: 2PL's interest payments on its debt are not well covered by EBIT (2.2x coverage).