1000mercis Balance Sheet Health
Financial Health criteria checks 2/6
1000mercis has a total shareholder equity of €16.3M and total debt of €42.2M, which brings its debt-to-equity ratio to 259.8%. Its total assets and total liabilities are €93.6M and €77.4M respectively. 1000mercis's EBIT is €3.4M making its interest coverage ratio 2.2. It has cash and short-term investments of €21.8M.
Key information
259.8%
Debt to equity ratio
€42.23m
Debt
Interest coverage ratio | 2.2x |
Cash | €21.77m |
Equity | €16.25m |
Total liabilities | €77.36m |
Total assets | €93.61m |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: 2PL's short term assets (€60.8M) exceed its short term liabilities (€35.5M).
Long Term Liabilities: 2PL's short term assets (€60.8M) exceed its long term liabilities (€41.8M).
Debt to Equity History and Analysis
Debt Level: 2PL's net debt to equity ratio (125.9%) is considered high.
Reducing Debt: 2PL's debt to equity ratio has increased from 39.9% to 259.8% over the past 5 years.
Debt Coverage: 2PL's debt is not well covered by operating cash flow (7.5%).
Interest Coverage: 2PL's interest payments on its debt are not well covered by EBIT (2.2x coverage).