UniDevice Balance Sheet Health
Financial Health criteria checks 2/6
UniDevice has a total shareholder equity of €23.5M and total debt of €18.0M, which brings its debt-to-equity ratio to 76.9%. Its total assets and total liabilities are €50.1M and €26.7M respectively. UniDevice's EBIT is €2.1M making its interest coverage ratio 2.6. It has cash and short-term investments of €2.5M.
Key information
76.9%
Debt to equity ratio
€18.05m
Debt
| Interest coverage ratio | 2.6x |
| Cash | €2.50m |
| Equity | €23.46m |
| Total liabilities | €26.66m |
| Total assets | €50.12m |
Recent financial health updates
No updates
Recent updates
No updates
Financial Position Analysis
Short Term Liabilities: UDC's short term assets (€35.0M) exceed its short term liabilities (€17.5M).
Long Term Liabilities: UDC's short term assets (€35.0M) exceed its long term liabilities (€9.1M).
Debt to Equity History and Analysis
Debt Level: UDC's net debt to equity ratio (66.3%) is considered high.
Reducing Debt: UDC's debt to equity ratio has increased from 33.6% to 76.9% over the past 5 years.
Debt Coverage: UDC's debt is not well covered by operating cash flow (3.4%).
Interest Coverage: UDC's interest payments on its debt are not well covered by EBIT (2.6x coverage).