Innofactor Oyj Balance Sheet Health
Financial Health criteria checks 5/6
Innofactor Oyj has a total shareholder equity of €26.7M and total debt of €4.1M, which brings its debt-to-equity ratio to 15.2%. Its total assets and total liabilities are €53.9M and €27.1M respectively. Innofactor Oyj's EBIT is €6.0M making its interest coverage ratio 11.9. It has cash and short-term investments of €1.9M.
Key information
15.2%
Debt to equity ratio
€4.06m
Debt
Interest coverage ratio | 11.9x |
Cash | €1.87m |
Equity | €26.75m |
Total liabilities | €27.15m |
Total assets | €53.90m |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: TJG's short term assets (€19.5M) do not cover its short term liabilities (€23.2M).
Long Term Liabilities: TJG's short term assets (€19.5M) exceed its long term liabilities (€4.0M).
Debt to Equity History and Analysis
Debt Level: TJG's net debt to equity ratio (8.2%) is considered satisfactory.
Reducing Debt: TJG's debt to equity ratio has reduced from 66.8% to 15.2% over the past 5 years.
Debt Coverage: TJG's debt is well covered by operating cash flow (191.8%).
Interest Coverage: TJG's interest payments on its debt are well covered by EBIT (11.9x coverage).