Artmarket.com Balance Sheet Health
Financial Health criteria checks 5/6
Artmarket.com has a total shareholder equity of €31.6M and total debt of €1.2M, which brings its debt-to-equity ratio to 3.9%. Its total assets and total liabilities are €43.0M and €11.5M respectively. Artmarket.com's EBIT is €863.0K making its interest coverage ratio -2.7. It has cash and short-term investments of €2.6M.
Key information
3.9%
Debt to equity ratio
€1.23m
Debt
Interest coverage ratio | -2.7x |
Cash | €2.62m |
Equity | €31.56m |
Total liabilities | €11.47m |
Total assets | €43.03m |
Recent financial health updates
Recent updates
Financial Position Analysis
Short Term Liabilities: AJP's short term assets (€14.2M) exceed its short term liabilities (€5.7M).
Long Term Liabilities: AJP's short term assets (€14.2M) exceed its long term liabilities (€5.8M).
Debt to Equity History and Analysis
Debt Level: AJP has more cash than its total debt.
Reducing Debt: AJP's debt to equity ratio has increased from 0.1% to 3.9% over the past 5 years.
Debt Coverage: AJP's debt is well covered by operating cash flow (68.4%).
Interest Coverage: AJP earns more interest than it pays, so coverage of interest payments is not a concern.