aconnic Balance Sheet Health
Financial Health criteria checks 4/6
aconnic has a total shareholder equity of €1.6M and total debt of €523.4K, which brings its debt-to-equity ratio to 31.9%. Its total assets and total liabilities are €53.9M and €52.2M respectively. aconnic's EBIT is €3.0M making its interest coverage ratio 0.9. It has cash and short-term investments of €4.2M.
Key information
31.9%
Debt to equity ratio
€523.40k
Debt
Interest coverage ratio | 0.9x |
Cash | €4.23m |
Equity | €1.64m |
Total liabilities | €52.23m |
Total assets | €53.87m |
Recent financial health updates
Recent updates
Financial Position Analysis
Short Term Liabilities: CFC's short term assets (€28.0M) exceed its short term liabilities (€17.3M).
Long Term Liabilities: CFC's short term assets (€28.0M) do not cover its long term liabilities (€34.9M).
Debt to Equity History and Analysis
Debt Level: CFC has more cash than its total debt.
Reducing Debt: CFC's debt to equity ratio has reduced from 91.9% to 31.9% over the past 5 years.
Debt Coverage: CFC's debt is well covered by operating cash flow (1333.4%).
Interest Coverage: CFC's interest payments on its debt are not well covered by EBIT (0.9x coverage).