Danish Aerospace Balance Sheet Health
Financial Health criteria checks 2/6
Danish Aerospace has a total shareholder equity of DKK10.0M and total debt of DKK16.1M, which brings its debt-to-equity ratio to 161.4%. Its total assets and total liabilities are DKK32.0M and DKK22.0M respectively. Danish Aerospace's EBIT is DKK2.9M making its interest coverage ratio 2.4. It has cash and short-term investments of DKK49.8K.
Key information
161.4%
Debt to equity ratio
DKK 16.09m
Debt
| Interest coverage ratio | 2.4x |
| Cash | DKK 49.79k |
| Equity | DKK 9.97m |
| Total liabilities | DKK 22.02m |
| Total assets | DKK 31.99m |
Recent financial health updates
Financial Position Analysis
Short Term Liabilities: DAC's short term assets (DKK26.7M) exceed its short term liabilities (DKK19.0M).
Long Term Liabilities: DAC's short term assets (DKK26.7M) exceed its long term liabilities (DKK3.0M).
Debt to Equity History and Analysis
Debt Level: DAC's net debt to equity ratio (160.9%) is considered high.
Reducing Debt: DAC's debt to equity ratio has increased from 0% to 161.4% 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 not well covered by EBIT (2.4x coverage).