Netum Group Oyj Balance Sheet Health
Financial Health criteria checks 2/6
Netum Group Oyj has a total shareholder equity of €12.6M and total debt of €8.7M, which brings its debt-to-equity ratio to 69.2%. Its total assets and total liabilities are €31.5M and €18.9M respectively. Netum Group Oyj's EBIT is €562.1K making its interest coverage ratio 0.8. It has cash and short-term investments of €285.0K.
Key information
69.2%
Debt to equity ratio
€8.74m
Debt
| Interest coverage ratio | 0.8x |
| Cash | €285.00k |
| Equity | €12.62m |
| Total liabilities | €18.92m |
| Total assets | €31.53m |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: 79J's short term assets (€9.0M) do not cover its short term liabilities (€11.0M).
Long Term Liabilities: 79J's short term assets (€9.0M) exceed its long term liabilities (€7.9M).
Debt to Equity History and Analysis
Debt Level: 79J's net debt to equity ratio (67%) is considered high.
Reducing Debt: 79J's debt to equity ratio has reduced from 158.4% to 69.2% over the past 5 years.
Debt Coverage: 79J's operating cash flow is negative, therefore debt is not well covered.
Interest Coverage: 79J's interest payments on its debt are not well covered by EBIT (0.8x coverage).