Hopening Balance Sheet Health
Financial Health criteria checks 3/6
Hopening has a total shareholder equity of €1.9M and total debt of €1.8M, which brings its debt-to-equity ratio to 93.9%. Its total assets and total liabilities are €11.1M and €9.2M respectively. Hopening's EBIT is €278.8K making its interest coverage ratio -0.7. It has cash and short-term investments of €2.6M.
Key information
93.9%
Debt to equity ratio
€1.78m
Debt
| Interest coverage ratio | -0.7x |
| Cash | €2.56m |
| Equity | €1.90m |
| Total liabilities | €9.18m |
| Total assets | €11.07m |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: MLHPE's short term assets (€7.0M) do not cover its short term liabilities (€7.1M).
Long Term Liabilities: MLHPE's short term assets (€7.0M) exceed its long term liabilities (€2.1M).
Debt to Equity History and Analysis
Debt Level: MLHPE has more cash than its total debt.
Reducing Debt: Insufficient data to determine if MLHPE's debt to equity ratio has reduced over the past 5 years.
Debt Coverage: Insufficient data to determine if MLHPE's debt is well covered by operating cash flow.
Interest Coverage: MLHPE earns more interest than it pays, so coverage of interest payments is not a concern.