Eastnine Balance Sheet Health
Financial Health criteria checks 2/6
Eastnine has a total shareholder equity of €396.4M and total debt of €321.0M, which brings its debt-to-equity ratio to 81%. Its total assets and total liabilities are €755.6M and €359.2M respectively. Eastnine's EBIT is €29.8M making its interest coverage ratio 3.1. It has cash and short-term investments of €71.6M.
Key information
81.0%
Debt to equity ratio
€321.03m
Debt
| Interest coverage ratio | 3.1x |
| Cash | €71.59m |
| Equity | €396.44m |
| Total liabilities | €359.17m |
| Total assets | €755.61m |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: EASTS's short term assets (€97.4M) exceed its short term liabilities (€42.7M).
Long Term Liabilities: EASTS's short term assets (€97.4M) do not cover its long term liabilities (€316.5M).
Debt to Equity History and Analysis
Debt Level: EASTS's net debt to equity ratio (62.9%) is considered high.
Reducing Debt: EASTS's debt to equity ratio has increased from 36.3% to 81% over the past 5 years.
Debt Coverage: EASTS's debt is not well covered by operating cash flow (0.3%).
Interest Coverage: EASTS's interest payments on its debt are well covered by EBIT (3.1x coverage).