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 ratio | 14.8x |
| 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).