Ascopiave Balance Sheet Health
Financial Health criteria checks 1/6
Ascopiave has a total shareholder equity of €850.6M and total debt of €515.6M, which brings its debt-to-equity ratio to 60.6%. Its total assets and total liabilities are €1.5B and €683.1M respectively. Ascopiave's EBIT is €35.8M making its interest coverage ratio 15.7. It has cash and short-term investments of €19.3M.
Key information
60.6%
Debt to equity ratio
€515.65m
Debt
| Interest coverage ratio | 15.7x |
| Cash | €19.30m |
| Equity | €850.57m |
| Total liabilities | €683.07m |
| Total assets | €1.53b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: ASCM's short term assets (€151.2M) do not cover its short term liabilities (€378.9M).
Long Term Liabilities: ASCM's short term assets (€151.2M) do not cover its long term liabilities (€304.1M).
Debt to Equity History and Analysis
Debt Level: ASCM's net debt to equity ratio (58.4%) is considered high.
Reducing Debt: ASCM's debt to equity ratio has increased from 30.6% to 60.6% over the past 5 years.
Debt Coverage: ASCM's debt is not well covered by operating cash flow (5.3%).
Interest Coverage: ASCM's interest payments on its debt are well covered by EBIT (15.7x coverage).