Paref Balance Sheet Health
Financial Health criteria checks 2/6
Paref has a total shareholder equity of €133.1M and total debt of €68.6M, which brings its debt-to-equity ratio to 51.5%. Its total assets and total liabilities are €221.8M and €88.7M respectively. Paref's EBIT is €4.4M making its interest coverage ratio -4. It has cash and short-term investments of €6.5M.
Key information
51.5%
Debt to equity ratio
€68.56m
Debt
Interest coverage ratio | -4x |
Cash | €6.51m |
Equity | €133.12m |
Total liabilities | €88.72m |
Total assets | €221.84m |
Recent financial health updates
No updates
Financial Position Analysis
Short Term Liabilities: PAR's short term assets (€27.0M) do not cover its short term liabilities (€87.8M).
Long Term Liabilities: PAR's short term assets (€27.0M) exceed its long term liabilities (€892.0K).
Debt to Equity History and Analysis
Debt Level: PAR's net debt to equity ratio (46.6%) is considered high.
Reducing Debt: PAR's debt to equity ratio has increased from 27% to 51.5% over the past 5 years.
Debt Coverage: PAR's debt is not well covered by operating cash flow (4.2%).
Interest Coverage: PAR earns more interest than it pays, so coverage of interest payments is not a concern.