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 €271.7M and total debt of €31.5M, which brings its debt-to-equity ratio to 11.6%. Its total assets and total liabilities are €451.0M and €179.3M respectively. Société Fermière du Casino Municipal de Cannes's EBIT is €32.1M making its interest coverage ratio -51.4. It has cash and short-term investments of €54.3M.
Key information
11.6%
Debt to equity ratio
€31.51m
Debt
Interest coverage ratio | -51.4x |
Cash | €54.32m |
Equity | €271.73m |
Total liabilities | €179.31m |
Total assets | €451.03m |
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 11Société 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 14Financial Position Analysis
Short Term Liabilities: FCMC's short term assets (€76.3M) exceed its short term liabilities (€70.0M).
Long Term Liabilities: FCMC's short term assets (€76.3M) do not cover its long term liabilities (€109.3M).
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 11.6% over the past 5 years.
Debt Coverage: FCMC's debt is well covered by operating cash flow (111.4%).
Interest Coverage: FCMC earns more interest than it pays, so coverage of interest payments is not a concern.