Klassik Radio Balance Sheet Health
Financial Health criteria checks 4/6
Klassik Radio has a total shareholder equity of €6.9M and total debt of €773.0K, which brings its debt-to-equity ratio to 11.1%. Its total assets and total liabilities are €19.0M and €12.0M respectively. Klassik Radio's EBIT is €1.4M making its interest coverage ratio 11.4. It has cash and short-term investments of €1.1M.
Key information
11.1%
Debt to equity ratio
€773.00k
Debt
| Interest coverage ratio | 11.4x |
| Cash | €1.14m |
| Equity | €6.94m |
| Total liabilities | €12.04m |
| Total assets | €18.97m |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: KA8's short term assets (€6.0M) do not cover its short term liabilities (€7.8M).
Long Term Liabilities: KA8's short term assets (€6.0M) exceed its long term liabilities (€4.2M).
Debt to Equity History and Analysis
Debt Level: KA8 has more cash than its total debt.
Reducing Debt: KA8's debt to equity ratio has increased from 0.1% to 11.1% over the past 5 years.
Debt Coverage: KA8's debt is well covered by operating cash flow (366.6%).
Interest Coverage: KA8's interest payments on its debt are well covered by EBIT (11.4x coverage).