Somec Balance Sheet Health
Financial Health criteria checks 1/6
Somec has a total shareholder equity of €21.0M and total debt of €110.9M, which brings its debt-to-equity ratio to 529.1%. Its total assets and total liabilities are €328.8M and €307.9M respectively.
Key information
529.1%
Debt to equity ratio
€110.90m
Debt
| Interest coverage ratio | n/a |
| Cash | €67.44m |
| Equity | €20.96m |
| Total liabilities | €307.88m |
| Total assets | €328.85m |
Recent financial health updates
No updates
Recent updates
No updates
Financial Position Analysis
Short Term Liabilities: SOMM's short term assets (€221.9M) do not cover its short term liabilities (€246.3M).
Long Term Liabilities: SOMM's short term assets (€221.9M) exceed its long term liabilities (€61.6M).
Debt to Equity History and Analysis
Debt Level: SOMM's net debt to equity ratio (207.3%) is considered high.
Reducing Debt: SOMM's debt to equity ratio has increased from 56.4% to 529.1% over the past 5 years.
Debt Coverage: SOMM's debt is not well covered by operating cash flow (0.1%).
Interest Coverage: Insufficient data to determine if SOMM's interest payments on its debt are well covered by EBIT.