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Avidly Oyj Balance Sheet Health
Financial Health criteria checks 6/6
Key information
44.6%
Debt to equity ratio
€4.91m
Debt
Interest coverage ratio | 11x |
Cash | €3.28m |
Equity | €11.00m |
Total liabilities | €14.01m |
Total assets | €25.01m |
Financial Position Analysis
Short Term Liabilities: AVIDLY's short term assets (€9.2M) exceed its short term liabilities (€8.5M).
Long Term Liabilities: AVIDLY's short term assets (€9.2M) exceed its long term liabilities (€5.5M).
Debt to Equity History and Analysis
Debt Level: AVIDLY's net debt to equity ratio (14.8%) is considered satisfactory.
Reducing Debt: AVIDLY's debt to equity ratio has reduced from 116.3% to 44.6% over the past 5 years.
Debt Coverage: AVIDLY's debt is well covered by operating cash flow (28.3%).
Interest Coverage: AVIDLY's interest payments on its debt are well covered by EBIT (11x coverage).