Energy Solar Tech Balance Sheet Health
Financial Health criteria checks 5/6
Energy Solar Tech has a total shareholder equity of €24.2M and total debt of €2.6M, which brings its debt-to-equity ratio to 10.7%. Its total assets and total liabilities are €29.8M and €5.6M respectively. Energy Solar Tech's EBIT is €2.7M making its interest coverage ratio 24. It has cash and short-term investments of €7.1M.
Key information
10.7%
Debt to equity ratio
€2.59m
Debt
Interest coverage ratio | 24x |
Cash | €7.07m |
Equity | €24.22m |
Total liabilities | €5.62m |
Total assets | €29.84m |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: ETC's short term assets (€9.3M) exceed its short term liabilities (€3.1M).
Long Term Liabilities: ETC's short term assets (€9.3M) exceed its long term liabilities (€2.5M).
Debt to Equity History and Analysis
Debt Level: ETC has more cash than its total debt.
Reducing Debt: Insufficient data to determine if ETC's debt to equity ratio has reduced over the past 5 years.
Debt Coverage: ETC's debt is well covered by operating cash flow (127.9%).
Interest Coverage: ETC's interest payments on its debt are well covered by EBIT (24x coverage).