Baltic Horizon Fund Balance Sheet Health
Financial Health criteria checks 1/6
Baltic Horizon Fund has a total shareholder equity of €101.9M and total debt of €146.3M, which brings its debt-to-equity ratio to 143.6%. Its total assets and total liabilities are €256.8M and €154.9M respectively. Baltic Horizon Fund's EBIT is €9.4M making its interest coverage ratio 1. It has cash and short-term investments of €10.1M.
Key information
143.6%
Debt to equity ratio
€146.34m
Debt
| Interest coverage ratio | 1x |
| Cash | €10.10m |
| Equity | €101.92m |
| Total liabilities | €154.90m |
| Total assets | €256.83m |
Recent financial health updates
No updates
Financial Position Analysis
Short Term Liabilities: NHCBHFFT's short term assets (€14.1M) do not cover its short term liabilities (€66.1M).
Long Term Liabilities: NHCBHFFT's short term assets (€14.1M) do not cover its long term liabilities (€88.8M).
Debt to Equity History and Analysis
Debt Level: NHCBHFFT's net debt to equity ratio (133.7%) is considered high.
Reducing Debt: NHCBHFFT's debt to equity ratio has reduced from 147.5% to 143.6% over the past 5 years.
Debt Coverage: NHCBHFFT's debt is not well covered by operating cash flow (6%).
Interest Coverage: NHCBHFFT's interest payments on its debt are not well covered by EBIT (1x coverage).