Glunz & Jensen Holding Balance Sheet Health
Financial Health criteria checks 2/6
Glunz & Jensen Holding has a total shareholder equity of DKK101.2M and total debt of DKK74.7M, which brings its debt-to-equity ratio to 73.8%. Its total assets and total liabilities are DKK218.3M and DKK117.0M respectively. Glunz & Jensen Holding's EBIT is DKK8.6M making its interest coverage ratio 2.1. It has cash and short-term investments of DKK1.3M.
Key information
73.8%
Debt to equity ratio
kr.74.71m
Debt
Interest coverage ratio | 2.1x |
Cash | kr.1.31m |
Equity | kr.101.22m |
Total liabilities | kr.117.03m |
Total assets | kr.218.26m |
Financial Position Analysis
Short Term Liabilities: GJ's short term assets (DKK64.2M) exceed its short term liabilities (DKK45.0M).
Long Term Liabilities: GJ's short term assets (DKK64.2M) do not cover its long term liabilities (DKK72.1M).
Debt to Equity History and Analysis
Debt Level: GJ's net debt to equity ratio (72.5%) is considered high.
Reducing Debt: GJ's debt to equity ratio has reduced from 109.9% to 73.8% over the past 5 years.
Debt Coverage: GJ's debt is not well covered by operating cash flow (18.7%).
Interest Coverage: GJ's interest payments on its debt are not well covered by EBIT (2.1x coverage).