We.Connect Balance Sheet Health

Financial Health criteria checks 6/6

We.Connect has a total shareholder equity of €51.2M and total debt of €23.8M, which brings its debt-to-equity ratio to 46.6%. Its total assets and total liabilities are €158.7M and €107.6M respectively. We.Connect's EBIT is €10.8M making its interest coverage ratio 14.8. It has cash and short-term investments of €32.2M.

Key information

46.6%

Debt to equity ratio

€23.83m

Debt

Interest coverage ratio14.8x
Cash€32.17m
Equity€51.16m
Total liabilities€107.58m
Total assets€158.74m

Recent financial health updates

No updates

Recent updates

Financial Position Analysis

Short Term Liabilities: 77P's short term assets (€151.1M) exceed its short term liabilities (€81.0M).

Long Term Liabilities: 77P's short term assets (€151.1M) exceed its long term liabilities (€26.6M).


Debt to Equity History and Analysis

Debt Level: 77P has more cash than its total debt.

Reducing Debt: 77P's debt to equity ratio has reduced from 61.4% to 46.6% over the past 5 years.

Debt Coverage: 77P's debt is well covered by operating cash flow (86.8%).

Interest Coverage: 77P's interest payments on its debt are well covered by EBIT (14.8x coverage).


Balance Sheet


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