Patrimoine et Commerce Balance Sheet Health
Financial Health criteria checks 2/6
Patrimoine et Commerce has a total shareholder equity of €443.6M and total debt of €381.3M, which brings its debt-to-equity ratio to 86%. Its total assets and total liabilities are €913.6M and €470.0M respectively. Patrimoine et Commerce's EBIT is €38.8M making its interest coverage ratio -47.8. It has cash and short-term investments of €25.8M.
Key information
86.0%
Debt to equity ratio
€381.30m
Debt
| Interest coverage ratio | -47.8x |
| Cash | €25.82m |
| Equity | €443.56m |
| Total liabilities | €470.02m |
| Total assets | €913.58m |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: PAT's short term assets (€64.9M) do not cover its short term liabilities (€124.0M).
Long Term Liabilities: PAT's short term assets (€64.9M) do not cover its long term liabilities (€346.0M).
Debt to Equity History and Analysis
Debt Level: PAT's net debt to equity ratio (80.1%) is considered high.
Reducing Debt: PAT's debt to equity ratio has reduced from 91.8% to 86% over the past 5 years.
Debt Coverage: PAT's debt is not well covered by operating cash flow (10.4%).
Interest Coverage: PAT earns more interest than it pays, so coverage of interest payments is not a concern.