Egide Balance Sheet Health
Financial Health criteria checks 3/6
Egide has a total shareholder equity of €5.6M and total debt of €9.4M, which brings its debt-to-equity ratio to 169.2%. Its total assets and total liabilities are €28.1M and €22.6M respectively. Egide's EBIT is €1.7M making its interest coverage ratio 4.6. It has cash and short-term investments of €819.0K.
Key information
169.2%
Debt to equity ratio
€9.43m
Debt
Interest coverage ratio | 4.6x |
Cash | €819.00k |
Equity | €5.57m |
Total liabilities | €22.57m |
Total assets | €28.14m |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: EGID's short term assets (€18.5M) exceed its short term liabilities (€14.4M).
Long Term Liabilities: EGID's short term assets (€18.5M) exceed its long term liabilities (€8.2M).
Debt to Equity History and Analysis
Debt Level: EGID's net debt to equity ratio (154.5%) is considered high.
Reducing Debt: EGID's debt to equity ratio has increased from 54.6% to 169.2% over the past 5 years.
Debt Coverage: EGID's operating cash flow is negative, therefore debt is not well covered.
Interest Coverage: EGID's interest payments on its debt are well covered by EBIT (4.6x coverage).