Acinque Balance Sheet Health
Financial Health criteria checks 4/6
Acinque has a total shareholder equity of €534.1M and total debt of €305.0M, which brings its debt-to-equity ratio to 57.1%. Its total assets and total liabilities are €1.1B and €567.1M respectively. Acinque's EBIT is €40.7M making its interest coverage ratio 4.3. It has cash and short-term investments of €76.6M.
Key information
57.1%
Debt to equity ratio
€305.03m
Debt
Interest coverage ratio | 4.3x |
Cash | €76.58m |
Equity | €534.10m |
Total liabilities | €567.08m |
Total assets | €1.10b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: YA2's short term assets (€383.4M) exceed its short term liabilities (€378.9M).
Long Term Liabilities: YA2's short term assets (€383.4M) exceed its long term liabilities (€188.2M).
Debt to Equity History and Analysis
Debt Level: YA2's net debt to equity ratio (42.8%) is considered high.
Reducing Debt: YA2's debt to equity ratio has increased from 15.9% to 57.1% over the past 5 years.
Debt Coverage: YA2's debt is well covered by operating cash flow (46.7%).
Interest Coverage: YA2's interest payments on its debt are well covered by EBIT (4.3x coverage).