FirstFarms Balance Sheet Health
Financial Health criteria checks 2/6
FirstFarms has a total shareholder equity of DKK824.0M and total debt of DKK692.9M, which brings its debt-to-equity ratio to 84.1%. Its total assets and total liabilities are DKK1.7B and DKK899.4M respectively. FirstFarms's EBIT is DKK35.8M making its interest coverage ratio 1.1. It has cash and short-term investments of DKK202.7M.
Key information
84.1%
Debt to equity ratio
DKK 692.93m
Debt
| Interest coverage ratio | 1.1x |
| Cash | DKK 202.69m |
| Equity | DKK 824.00m |
| Total liabilities | DKK 899.43m |
| Total assets | DKK 1.72b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: 0EG1's short term assets (DKK493.4M) exceed its short term liabilities (DKK159.9M).
Long Term Liabilities: 0EG1's short term assets (DKK493.4M) do not cover its long term liabilities (DKK739.5M).
Debt to Equity History and Analysis
Debt Level: 0EG1's net debt to equity ratio (59.5%) is considered high.
Reducing Debt: 0EG1's debt to equity ratio has reduced from 100.8% to 84.1% over the past 5 years.
Debt Coverage: 0EG1's debt is not well covered by operating cash flow (11.8%).
Interest Coverage: 0EG1's interest payments on its debt are not well covered by EBIT (1.1x coverage).