Hydratec Industries Balance Sheet Health
Financial Health criteria checks 6/6
Hydratec Industries has a total shareholder equity of €94.0M and total debt of €17.0M, which brings its debt-to-equity ratio to 18.1%. Its total assets and total liabilities are €220.9M and €126.9M respectively. Hydratec Industries's EBIT is €22.6M making its interest coverage ratio 23.7. It has cash and short-term investments of €11.1M.
Key information
18.1%
Debt to equity ratio
€17.01m
Debt
| Interest coverage ratio | 23.7x |
| Cash | €11.14m |
| Equity | €94.03m |
| Total liabilities | €126.89m |
| Total assets | €220.92m |
Recent financial health updates
No updates
Recent updates
No updates
Financial Position Analysis
Short Term Liabilities: HYDRAA's short term assets (€115.5M) exceed its short term liabilities (€105.4M).
Long Term Liabilities: HYDRAA's short term assets (€115.5M) exceed its long term liabilities (€21.5M).
Debt to Equity History and Analysis
Debt Level: HYDRAA's net debt to equity ratio (6.2%) is considered satisfactory.
Reducing Debt: HYDRAA's debt to equity ratio has reduced from 33.3% to 18.1% over the past 5 years.
Debt Coverage: HYDRAA's debt is well covered by operating cash flow (27.8%).
Interest Coverage: HYDRAA's interest payments on its debt are well covered by EBIT (23.7x coverage).