Danish Aerospace Balance Sheet Health
Financial Health criteria checks 3/6
Danish Aerospace has a total shareholder equity of DKK12.1M and total debt of DKK15.7M, which brings its debt-to-equity ratio to 130%. Its total assets and total liabilities are DKK34.2M and DKK22.2M respectively. Danish Aerospace's EBIT is DKK4.0M making its interest coverage ratio 4.1. It has cash and short-term investments of DKK83.5K.
Key information
130.0%
Debt to equity ratio
kr.15.66m
Debt
| Interest coverage ratio | 4.1x |
| Cash | kr.83.51k |
| Equity | kr.12.05m |
| Total liabilities | kr.22.19m |
| Total assets | kr.34.24m |
Recent financial health updates
Financial Position Analysis
Short Term Liabilities: DAC's short term assets (DKK29.4M) exceed its short term liabilities (DKK18.7M).
Long Term Liabilities: DAC's short term assets (DKK29.4M) exceed its long term liabilities (DKK3.5M).
Debt to Equity History and Analysis
Debt Level: DAC's net debt to equity ratio (129.3%) is considered high.
Reducing Debt: DAC's debt to equity ratio has increased from 1.3% to 130% over the past 5 years.
Debt Coverage: DAC's operating cash flow is negative, therefore debt is not well covered.
Interest Coverage: DAC's interest payments on its debt are well covered by EBIT (4.1x coverage).