Desarrollos Especiales de Sistemas de Anclaje Balance Sheet Health
Financial Health criteria checks 6/6
Desarrollos Especiales de Sistemas de Anclaje has a total shareholder equity of €19.3M and total debt of €7.8M, which brings its debt-to-equity ratio to 40.6%. Its total assets and total liabilities are €41.2M and €21.9M respectively. Desarrollos Especiales de Sistemas de Anclaje's EBIT is €3.4M making its interest coverage ratio 7.4. It has cash and short-term investments of €515.0K.
Key information
40.6%
Debt to equity ratio
€7.83m
Debt
Interest coverage ratio | 7.4x |
Cash | €515.00k |
Equity | €19.30m |
Total liabilities | €21.94m |
Total assets | €41.24m |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: DESA's short term assets (€25.7M) exceed its short term liabilities (€16.6M).
Long Term Liabilities: DESA's short term assets (€25.7M) exceed its long term liabilities (€5.4M).
Debt to Equity History and Analysis
Debt Level: DESA's net debt to equity ratio (37.9%) is considered satisfactory.
Reducing Debt: DESA's debt to equity ratio has reduced from 94.2% to 40.6% over the past 5 years.
Debt Coverage: DESA's debt is well covered by operating cash flow (63.6%).
Interest Coverage: DESA's interest payments on its debt are well covered by EBIT (7.4x coverage).