Axactor Balance Sheet Health
Financial Health criteria checks 1/6
Axactor has a total shareholder equity of €422.9M and total debt of €975.8M, which brings its debt-to-equity ratio to 230.8%. Its total assets and total liabilities are €1.5B and €1.0B respectively. Axactor's EBIT is €116.2M making its interest coverage ratio 1.3. It has cash and short-term investments of €35.2M.
Key information
230.8%
Debt to equity ratio
€975.81m
Debt
| Interest coverage ratio | 1.3x |
| Cash | €35.17m |
| Equity | €422.88m |
| Total liabilities | €1.04b |
| Total assets | €1.46b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: 0QIG's short term assets (€80.8M) exceed its short term liabilities (€39.8M).
Long Term Liabilities: 0QIG's short term assets (€80.8M) do not cover its long term liabilities (€995.3M).
Debt to Equity History and Analysis
Debt Level: 0QIG's net debt to equity ratio (222.4%) is considered high.
Reducing Debt: 0QIG's debt to equity ratio has increased from 221.3% to 230.8% over the past 5 years.
Debt Coverage: 0QIG's debt is not well covered by operating cash flow (6.9%).
Interest Coverage: 0QIG's interest payments on its debt are not well covered by EBIT (1.3x coverage).