Azerion Group Balance Sheet Health
Financial Health criteria checks 3/6
Azerion Group has a total shareholder equity of €109.6M and total debt of €170.3M, which brings its debt-to-equity ratio to 155.4%. Its total assets and total liabilities are €652.0M and €542.4M respectively. Azerion Group's EBIT is €8.0M making its interest coverage ratio 0.4. It has cash and short-term investments of €40.3M.
Key information
155.4%
Debt to equity ratio
€170.30m
Debt
Interest coverage ratio | 0.4x |
Cash | €40.30m |
Equity | €109.60m |
Total liabilities | €542.40m |
Total assets | €652.00m |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: 9Q9's short term assets (€238.4M) do not cover its short term liabilities (€322.3M).
Long Term Liabilities: 9Q9's short term assets (€238.4M) exceed its long term liabilities (€220.1M).
Debt to Equity History and Analysis
Debt Level: 9Q9's net debt to equity ratio (118.6%) is considered high.
Reducing Debt: 9Q9 had negative shareholder equity 5 years ago, but is now positive and has therefore improved.
Debt Coverage: 9Q9's debt is well covered by operating cash flow (29.3%).
Interest Coverage: 9Q9's interest payments on its debt are not well covered by EBIT (0.4x coverage).