Afarak Group Balance Sheet Health
Financial Health criteria checks 6/6
Afarak Group has a total shareholder equity of €105.7M and total debt of €2.8M, which brings its debt-to-equity ratio to 2.6%. Its total assets and total liabilities are €162.3M and €56.6M respectively. Afarak Group's EBIT is €14.3M making its interest coverage ratio -34.5. It has cash and short-term investments of €18.0M.
Key information
2.6%
Debt to equity ratio
€2.77m
Debt
| Interest coverage ratio | -34.5x |
| Cash | €18.03m |
| Equity | €105.74m |
| Total liabilities | €56.60m |
| Total assets | €162.34m |
Recent financial health updates
Afarak Group (HEL:AFAGR) Could Easily Take On More Debt
Dec 14
Afarak Group (HEL:AFAGR) Could Easily Take On More Debt
Jun 09Is Afarak Group Oyj (HEL:AFAGR) Using Too Much Debt?
Mar 28Auditors Have Doubts About Afarak Group Oyj (HEL:AFAGR)
Apr 06Is Afarak Group Oyj (HEL:AFAGR) Using Debt Sensibly?
Mar 02Recent updates
Afarak Group (HEL:AFAGR) Could Easily Take On More Debt
Dec 14Afarak Group (HEL:AFAGR) Could Easily Take On More Debt
Jun 09Shareholders Would Enjoy A Repeat Of Afarak Group's (HEL:AFAGR) Recent Growth In Returns
Jan 04Under The Bonnet, Afarak Group's (HEL:AFAGR) Returns Look Impressive
Sep 30Investors Shouldn't Be Too Comfortable With Afarak Group Oyj's (HEL:AFAGR) Robust Earnings
Aug 27Returns Are Gaining Momentum At Afarak Group Oyj (HEL:AFAGR)
Jun 27Is Afarak Group Oyj (HEL:AFAGR) Using Too Much Debt?
Mar 28Auditors Have Doubts About Afarak Group Oyj (HEL:AFAGR)
Apr 06Is Afarak Group Oyj (HEL:AFAGR) Using Debt Sensibly?
Mar 02Afarak Group Oyj's (HEL:AFAGR) Shareholders Are Down 75% On Their Shares
Dec 06
Financial Position Analysis
Short Term Liabilities: AFAGR's short term assets (€71.0M) exceed its short term liabilities (€24.0M).
Long Term Liabilities: AFAGR's short term assets (€71.0M) exceed its long term liabilities (€32.6M).
Debt to Equity History and Analysis
Debt Level: AFAGR has more cash than its total debt.
Reducing Debt: AFAGR's debt to equity ratio has reduced from 16% to 2.6% over the past 5 years.
Debt Coverage: AFAGR's debt is well covered by operating cash flow (346.2%).
Interest Coverage: AFAGR earns more interest than it pays, so coverage of interest payments is not a concern.