Platform Group Balance Sheet Health
Financial Health criteria checks 4/6
Platform Group has a total shareholder equity of €89.8M and total debt of €68.2M, which brings its debt-to-equity ratio to 75.9%. Its total assets and total liabilities are €259.0M and €169.2M respectively. Platform Group's EBIT is €42.0M making its interest coverage ratio 4.6. It has cash and short-term investments of €15.1M.
Key information
75.9%
Debt to equity ratio
€68.22m
Debt
| Interest coverage ratio | 4.6x |
| Cash | €15.07m |
| Equity | €89.84m |
| Total liabilities | €169.17m |
| Total assets | €259.01m |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: TPG's short term assets (€130.5M) exceed its short term liabilities (€116.0M).
Long Term Liabilities: TPG's short term assets (€130.5M) exceed its long term liabilities (€53.1M).
Debt to Equity History and Analysis
Debt Level: TPG's net debt to equity ratio (59.2%) is considered high.
Reducing Debt: TPG's debt to equity ratio has increased from 43.4% to 75.9% over the past 5 years.
Debt Coverage: TPG's debt is well covered by operating cash flow (189.5%).
Interest Coverage: TPG's interest payments on its debt are well covered by EBIT (4.6x coverage).