IT Link Balance Sheet Health
Financial Health criteria checks 6/6
IT Link has a total shareholder equity of €25.3M and total debt of €5.6M, which brings its debt-to-equity ratio to 22.3%. Its total assets and total liabilities are €59.6M and €34.3M respectively. IT Link's EBIT is €5.8M making its interest coverage ratio 19.5. It has cash and short-term investments of €13.0M.
Key information
22.3%
Debt to equity ratio
€5.64m
Debt
| Interest coverage ratio | 19.5x |
| Cash | €13.03m |
| Equity | €25.30m |
| Total liabilities | €34.26m |
| Total assets | €59.56m |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: IL8's short term assets (€45.7M) exceed its short term liabilities (€25.7M).
Long Term Liabilities: IL8's short term assets (€45.7M) exceed its long term liabilities (€8.6M).
Debt to Equity History and Analysis
Debt Level: IL8 has more cash than its total debt.
Reducing Debt: IL8's debt to equity ratio has reduced from 45.9% to 22.3% over the past 5 years.
Debt Coverage: IL8's debt is well covered by operating cash flow (66.9%).
Interest Coverage: IL8's interest payments on its debt are well covered by EBIT (19.5x coverage).