Weng Fine Art Balance Sheet Health
Financial Health criteria checks 3/6
Weng Fine Art has a total shareholder equity of €19.9M and total debt of €18.9M, which brings its debt-to-equity ratio to 94.9%. Its total assets and total liabilities are €39.5M and €19.6M respectively. Weng Fine Art's EBIT is €657.4K making its interest coverage ratio 1.1. It has cash and short-term investments of €397.3K.
Key information
94.9%
Debt to equity ratio
€18.89m
Debt
| Interest coverage ratio | 1.1x |
| Cash | €397.26k |
| Equity | €19.91m |
| Total liabilities | €19.62m |
| Total assets | €39.53m |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: 0AB1's short term assets (€30.7M) exceed its short term liabilities (€13.9M).
Long Term Liabilities: 0AB1's short term assets (€30.7M) exceed its long term liabilities (€5.8M).
Debt to Equity History and Analysis
Debt Level: 0AB1's net debt to equity ratio (92.9%) is considered high.
Reducing Debt: 0AB1's debt to equity ratio has reduced from 153.4% to 94.9% over the past 5 years.
Debt Coverage: 0AB1's operating cash flow is negative, therefore debt is not well covered.
Interest Coverage: 0AB1's interest payments on its debt are not well covered by EBIT (1.1x coverage).