Baltic Horizon Fund Balance Sheet Health
Financial Health criteria checks 0/6
Baltic Horizon Fund has a total shareholder equity of €109.5M and total debt of €143.5M, which brings its debt-to-equity ratio to 131%. Its total assets and total liabilities are €261.1M and €151.6M respectively. Baltic Horizon Fund's EBIT is €12.0M making its interest coverage ratio 1.4. It has cash and short-term investments of €6.8M.
Key information
131.0%
Debt to equity ratio
€143.49m
Debt
Interest coverage ratio | 1.4x |
Cash | €6.80m |
Equity | €109.53m |
Total liabilities | €151.61m |
Total assets | €261.14m |
Recent financial health updates
No updates
Financial Position Analysis
Short Term Liabilities: NHCBHFFT's short term assets (€9.8M) do not cover its short term liabilities (€83.6M).
Long Term Liabilities: NHCBHFFT's short term assets (€9.8M) do not cover its long term liabilities (€68.0M).
Debt to Equity History and Analysis
Debt Level: NHCBHFFT's net debt to equity ratio (124.8%) is considered high.
Reducing Debt: NHCBHFFT's debt to equity ratio has increased from 128.9% to 131% over the past 5 years.
Debt Coverage: NHCBHFFT's debt is not well covered by operating cash flow (7.6%).
Interest Coverage: NHCBHFFT's interest payments on its debt are not well covered by EBIT (1.4x coverage).