Thrace Plastics Holding Balance Sheet Health
Financial Health criteria checks 5/6
Thrace Plastics Holding has a total shareholder equity of €255.8M and total debt of €59.7M, which brings its debt-to-equity ratio to 23.3%. Its total assets and total liabilities are €415.5M and €159.7M respectively. Thrace Plastics Holding's EBIT is €42.4M making its interest coverage ratio 25.2. It has cash and short-term investments of €40.0M.
Key information
23.3%
Debt to equity ratio
€59.70m
Debt
| Interest coverage ratio | 25.2x |
| Cash | €40.05m |
| Equity | €255.77m |
| Total liabilities | €159.73m |
| Total assets | €415.50m |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: 0JAC's short term assets (€219.3M) exceed its short term liabilities (€113.3M).
Long Term Liabilities: 0JAC's short term assets (€219.3M) exceed its long term liabilities (€46.4M).
Debt to Equity History and Analysis
Debt Level: 0JAC's net debt to equity ratio (7.7%) is considered satisfactory.
Reducing Debt: 0JAC's debt to equity ratio has reduced from 56.9% to 23.3% over the past 5 years.
Debt Coverage: 0JAC's debt is not well covered by operating cash flow (18%).
Interest Coverage: 0JAC's interest payments on its debt are well covered by EBIT (25.2x coverage).
Balance Sheet
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Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2022/11/21 11:52 |
| End of Day Share Price | 2022/08/24 00:00 |
| Earnings | 2022/06/30 |
| Annual Earnings | 2021/12/31 |
Data Sources
The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.
| Package | Data | Timeframe | Example US Source * |
|---|---|---|---|
| Company Financials | 10 years |
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| Analyst Consensus Estimates | +3 years |
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| Market Prices | 30 years |
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| Ownership | 10 years |
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| Management | 10 years |
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| Key Developments | 10 years |
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* example for US securities, for non-US equivalent regulatory forms and sources are used.
Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.
Analysis Model and Snowflake
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Industry and Sector Metrics
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Analyst Sources
Thrace Plastics Holding Company S.A. is covered by 5 analysts. 2 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.
| Analyst | Institution |
|---|---|
| Natalya Davies | Edison Investment Research |
| Katerina Zaharopoulou | Eurobank Equities Investment Firm S.A. |
| Natalia Svyrou Svyriadi | Eurobank Equities Investment Firm S.A. |