Passat Société Anonyme Balance Sheet Health
Financial Health criteria checks 4/6
Passat Société Anonyme has a total shareholder equity of €38.6M and total debt of €4.6M, which brings its debt-to-equity ratio to 11.9%. Its total assets and total liabilities are €57.9M and €19.3M respectively. Passat Société Anonyme's EBIT is €1.7M making its interest coverage ratio -9.8. It has cash and short-term investments of €15.4M.
Key information
11.9%
Debt to equity ratio
€4.58m
Debt
| Interest coverage ratio | -9.8x |
| Cash | €15.37m |
| Equity | €38.56m |
| Total liabilities | €19.35m |
| Total assets | €57.90m |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: PSATP's short term assets (€51.2M) exceed its short term liabilities (€14.2M).
Long Term Liabilities: PSATP's short term assets (€51.2M) exceed its long term liabilities (€5.2M).
Debt to Equity History and Analysis
Debt Level: PSATP has more cash than its total debt.
Reducing Debt: PSATP's debt to equity ratio has increased from 0% to 11.9% over the past 5 years.
Debt Coverage: PSATP's debt is not well covered by operating cash flow (16.9%).
Interest Coverage: PSATP earns more interest than it pays, so coverage of interest payments is not a concern.