Comer Industries Balance Sheet Health
Financial Health criteria checks 6/6
Comer Industries has a total shareholder equity of €507.6M and total debt of €98.6M, which brings its debt-to-equity ratio to 19.4%. Its total assets and total liabilities are €1.2B and €687.4M respectively. Comer Industries's EBIT is €139.5M making its interest coverage ratio 13.5. It has cash and short-term investments of €68.3M.
Key information
19.4%
Debt to equity ratio
€98.59m
Debt
Interest coverage ratio | 13.5x |
Cash | €68.33m |
Equity | €507.59m |
Total liabilities | €687.42m |
Total assets | €1.20b |
Recent financial health updates
No updates
Recent updates
No updates
Financial Position Analysis
Short Term Liabilities: COMM's short term assets (€529.6M) exceed its short term liabilities (€354.5M).
Long Term Liabilities: COMM's short term assets (€529.6M) exceed its long term liabilities (€332.9M).
Debt to Equity History and Analysis
Debt Level: COMM's net debt to equity ratio (6%) is considered satisfactory.
Reducing Debt: COMM's debt to equity ratio has reduced from 59.9% to 19.4% over the past 5 years.
Debt Coverage: COMM's debt is well covered by operating cash flow (206.8%).
Interest Coverage: COMM's interest payments on its debt are well covered by EBIT (13.5x coverage).