Société Fermière du Casino Municipal de Cannes Balance Sheet Health
Financial Health criteria checks 4/6
Société Fermière du Casino Municipal de Cannes has a total shareholder equity of €275.3M and total debt of €34.9M, which brings its debt-to-equity ratio to 12.7%. Its total assets and total liabilities are €460.9M and €185.6M respectively. Société Fermière du Casino Municipal de Cannes's EBIT is €33.6M making its interest coverage ratio 169.7. It has cash and short-term investments of €76.6M.
Key information
12.7%
Debt to equity ratio
€34.89m
Debt
| Interest coverage ratio | 169.7x |
| Cash | €76.58m |
| Equity | €275.26m |
| Total liabilities | €185.62m |
| Total assets | €460.88m |
Recent financial health updates
No updates
Recent updates
Société Fermière du Casino Municipal de Cannes' (EPA:FCMC) Returns On Capital Not Reflecting Well On The Business
Jan 11
Société Fermière du Casino Municipal de Cannes' (EPA:FCMC) Solid Profits Have Weak Fundamentals
Feb 19Read This Before Buying Société Fermière du Casino Municipal de Cannes (EPA:FCMC) For Its Dividend
Feb 05Should We Be Excited About The Trends Of Returns At Société Fermière du Casino Municipal de Cannes (EPA:FCMC)?
Dec 14
Financial Position Analysis
Short Term Liabilities: FCMC's short term assets (€96.5M) exceed its short term liabilities (€60.1M).
Long Term Liabilities: FCMC's short term assets (€96.5M) do not cover its long term liabilities (€125.5M).
Debt to Equity History and Analysis
Debt Level: FCMC has more cash than its total debt.
Reducing Debt: FCMC's debt to equity ratio has increased from 0.3% to 12.7% over the past 5 years.
Debt Coverage: FCMC's debt is well covered by operating cash flow (79%).
Interest Coverage: FCMC's interest payments on its debt are well covered by EBIT (169.7x coverage).