Ercros Balance Sheet Health
Financial Health criteria checks 6/6
Ercros has a total shareholder equity of €352.1M and total debt of €130.5M, which brings its debt-to-equity ratio to 37.1%. Its total assets and total liabilities are €705.7M and €353.6M respectively. Ercros's EBIT is €45.2M making its interest coverage ratio 11.5. It has cash and short-term investments of €32.6M.
Key information
37.1%
Debt to equity ratio
€130.51m
Debt
| Interest coverage ratio | 11.5x |
| Cash | €32.63m |
| Equity | €352.07m |
| Total liabilities | €353.63m |
| Total assets | €705.69m |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: ECRE's short term assets (€256.7M) exceed its short term liabilities (€183.2M).
Long Term Liabilities: ECRE's short term assets (€256.7M) exceed its long term liabilities (€170.4M).
Debt to Equity History and Analysis
Debt Level: ECRE's net debt to equity ratio (27.8%) is considered satisfactory.
Reducing Debt: ECRE's debt to equity ratio has reduced from 45.2% to 37.1% over the past 5 years.
Debt Coverage: ECRE's debt is well covered by operating cash flow (55.7%).
Interest Coverage: ECRE's interest payments on its debt are well covered by EBIT (11.5x coverage).