Tronic's Microsystems Balance Sheet Health
Financial Health criteria checks 0/6
Tronic's Microsystems has a total shareholder equity of €-6.8M and total debt of €26.9M, which brings its debt-to-equity ratio to -393.5%. Its total assets and total liabilities are €26.7M and €33.5M respectively. Tronic's Microsystems's EBIT is €584.0K making its interest coverage ratio 1. It has cash and short-term investments of €13.5M.
Key information
-393.5%
Debt to equity ratio
€26.93m
Debt
| Interest coverage ratio | 1x |
| Cash | €13.53m |
| Equity | -€6.84m |
| Total liabilities | €33.50m |
| Total assets | €26.65m |
Recent financial health updates
No updates
Financial Position Analysis
Short Term Liabilities: ALTRO has negative shareholder equity, which is a more serious situation than short term assets not covering short term liabilities.
Long Term Liabilities: ALTRO has negative shareholder equity, which is a more serious situation than short term assets not covering long term liabilities.
Debt to Equity History and Analysis
Debt Level: ALTRO has negative shareholder equity, which is a more serious situation than a high debt level.
Reducing Debt: ALTRO's has negative shareholder equity, so we do not need to check if its debt has reduced over time.
Debt Coverage: ALTRO's debt is not well covered by operating cash flow (18.2%).
Interest Coverage: ALTRO's interest payments on its debt are not well covered by EBIT (1x coverage).