Ringmetall Balance Sheet Health
Financial Health criteria checks 6/6
Ringmetall has a total shareholder equity of €75.2M and total debt of €28.0M, which brings its debt-to-equity ratio to 37.2%. Its total assets and total liabilities are €139.2M and €64.0M respectively. Ringmetall's EBIT is €16.2M making its interest coverage ratio 13.3. It has cash and short-term investments of €5.7M.
Key information
37.2%
Debt to equity ratio
€27.99m
Debt
| Interest coverage ratio | 13.3x |
| Cash | €5.72m |
| Equity | €75.20m |
| Total liabilities | €63.96m |
| Total assets | €139.16m |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: HP3AD's short term assets (€62.7M) exceed its short term liabilities (€34.4M).
Long Term Liabilities: HP3AD's short term assets (€62.7M) exceed its long term liabilities (€29.6M).
Debt to Equity History and Analysis
Debt Level: HP3AD's net debt to equity ratio (29.6%) is considered satisfactory.
Reducing Debt: HP3AD's debt to equity ratio has reduced from 38.7% to 37.2% over the past 5 years.
Debt Coverage: HP3AD's debt is well covered by operating cash flow (80.7%).
Interest Coverage: HP3AD's interest payments on its debt are well covered by EBIT (13.3x coverage).