Platform Group Balance Sheet Health
Financial Health criteria checks 3/6
Platform Group has a total shareholder equity of €82.7M and total debt of €67.6M, which brings its debt-to-equity ratio to 81.8%. Its total assets and total liabilities are €284.3M and €201.6M respectively. Platform Group's EBIT is €13.6M making its interest coverage ratio 2.1. It has cash and short-term investments of €7.6M.
Key information
81.8%
Debt to equity ratio
€67.64m
Debt
Interest coverage ratio | 2.1x |
Cash | €7.62m |
Equity | €82.71m |
Total liabilities | €201.63m |
Total assets | €284.34m |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: TPGD's short term assets (€164.2M) exceed its short term liabilities (€151.9M).
Long Term Liabilities: TPGD's short term assets (€164.2M) exceed its long term liabilities (€49.8M).
Debt to Equity History and Analysis
Debt Level: TPGD's net debt to equity ratio (72.6%) is considered high.
Reducing Debt: TPGD's debt to equity ratio has increased from 31.9% to 81.8% over the past 5 years.
Debt Coverage: TPGD's debt is well covered by operating cash flow (153.9%).
Interest Coverage: TPGD's interest payments on its debt are not well covered by EBIT (2.1x coverage).