Artea Balance Sheet Health
Financial Health criteria checks 3/6
Artea has a total shareholder equity of €115.4M and total debt of €145.6M, which brings its debt-to-equity ratio to 126.1%. Its total assets and total liabilities are €366.8M and €251.4M respectively. Artea's EBIT is €24.0M making its interest coverage ratio 6.4. It has cash and short-term investments of €13.6M.
Key information
126.1%
Debt to equity ratio
€145.60m
Debt
Interest coverage ratio | 6.4x |
Cash | €13.64m |
Equity | €115.42m |
Total liabilities | €251.36m |
Total assets | €366.78m |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: ARTEP's short term assets (€118.8M) exceed its short term liabilities (€99.7M).
Long Term Liabilities: ARTEP's short term assets (€118.8M) do not cover its long term liabilities (€151.6M).
Debt to Equity History and Analysis
Debt Level: ARTEP's net debt to equity ratio (114.3%) is considered high.
Reducing Debt: ARTEP's debt to equity ratio has reduced from 158.8% to 126.1% over the past 5 years.
Debt Coverage: ARTEP's operating cash flow is negative, therefore debt is not well covered.
Interest Coverage: ARTEP's interest payments on its debt are well covered by EBIT (6.4x coverage).