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Take Off Balance Sheet Health
Financial Health criteria checks 4/6
Take Off has a total shareholder equity of €24.4M and total debt of €2.1M, which brings its debt-to-equity ratio to 8.8%. Its total assets and total liabilities are €41.9M and €17.6M respectively.
Key information
8.8%
Debt to equity ratio
€2.15m
Debt
| Interest coverage ratio | n/a |
| Cash | €17.14m |
| Equity | €24.36m |
| Total liabilities | €17.56m |
| Total assets | €41.92m |
Recent financial health updates
Recent updates
Financial Position Analysis
Short Term Liabilities: Y3Y's short term assets (€30.5M) exceed its short term liabilities (€10.2M).
Long Term Liabilities: Y3Y's short term assets (€30.5M) exceed its long term liabilities (€7.4M).
Debt to Equity History and Analysis
Debt Level: Y3Y has more cash than its total debt.
Reducing Debt: Insufficient data to determine if Y3Y's debt to equity ratio has reduced over the past 5 years.
Debt Coverage: Y3Y's debt is well covered by operating cash flow (111%).
Interest Coverage: Insufficient data to determine if Y3Y's interest payments on its debt are well covered by EBIT.