Solutions 30 Balance Sheet Health
Financial Health criteria checks 4/6
Solutions 30 has a total shareholder equity of €124.7M and total debt of €120.3M, which brings its debt-to-equity ratio to 96.5%. Its total assets and total liabilities are €723.8M and €599.1M respectively. Solutions 30's EBIT is €8.2M making its interest coverage ratio 1.1. It has cash and short-term investments of €118.2M.
Key information
96.5%
Debt to equity ratio
€120.30m
Debt
Interest coverage ratio | 1.1x |
Cash | €118.20m |
Equity | €124.70m |
Total liabilities | €599.10m |
Total assets | €723.80m |
Recent financial health updates
Recent updates
Financial Position Analysis
Short Term Liabilities: 30L3's short term assets (€426.3M) do not cover its short term liabilities (€426.7M).
Long Term Liabilities: 30L3's short term assets (€426.3M) exceed its long term liabilities (€172.4M).
Debt to Equity History and Analysis
Debt Level: 30L3's net debt to equity ratio (1.7%) is considered satisfactory.
Reducing Debt: 30L3's debt to equity ratio has reduced from 111.3% to 96.5% over the past 5 years.
Debt Coverage: 30L3's debt is well covered by operating cash flow (28.3%).
Interest Coverage: 30L3's interest payments on its debt are not well covered by EBIT (1.1x coverage).