Softing Balance Sheet Health
Financial Health criteria checks 5/6
Softing has a total shareholder equity of €63.8M and total debt of €12.6M, which brings its debt-to-equity ratio to 19.8%. Its total assets and total liabilities are €111.3M and €47.5M respectively. Softing's EBIT is €7.7M making its interest coverage ratio 17.5. It has cash and short-term investments of €7.8M.
Key information
19.8%
Debt to equity ratio
€12.64m
Debt
Interest coverage ratio | 17.5x |
Cash | €7.78m |
Equity | €63.83m |
Total liabilities | €47.49m |
Total assets | €111.32m |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: SYTD's short term assets (€45.8M) exceed its short term liabilities (€25.6M).
Long Term Liabilities: SYTD's short term assets (€45.8M) exceed its long term liabilities (€21.9M).
Debt to Equity History and Analysis
Debt Level: SYTD's net debt to equity ratio (7.6%) is considered satisfactory.
Reducing Debt: SYTD's debt to equity ratio has increased from 13.8% to 19.8% over the past 5 years.
Debt Coverage: SYTD's debt is well covered by operating cash flow (92.3%).
Interest Coverage: SYTD's interest payments on its debt are well covered by EBIT (17.5x coverage).