2invest Balance Sheet Health
Financial Health criteria checks 6/6
2invest has a total shareholder equity of €63.2M and total debt of €0.0, which brings its debt-to-equity ratio to 0%. Its total assets and total liabilities are €64.2M and €1.0M respectively. 2invest's EBIT is €9.8M making its interest coverage ratio -8.3. It has cash and short-term investments of €14.7M.
Key information
0%
Debt to equity ratio
€0
Debt
Interest coverage ratio | -8.3x |
Cash | €14.73m |
Equity | €63.16m |
Total liabilities | €1.02m |
Total assets | €64.18m |
Recent financial health updates
No updates
Financial Position Analysis
Short Term Liabilities: 2INV's short term assets (€19.2M) exceed its short term liabilities (€777.0K).
Long Term Liabilities: 2INV's short term assets (€19.2M) exceed its long term liabilities (€243.0K).
Debt to Equity History and Analysis
Debt Level: 2INV is debt free.
Reducing Debt: 2INV has no debt compared to 5 years ago when its debt to equity ratio was 22.9%.
Debt Coverage: 2INV has no debt, therefore it does not need to be covered by operating cash flow.
Interest Coverage: 2INV has no debt, therefore coverage of interest payments is not a concern.