Ekter Balance Sheet Health
Financial Health criteria checks 5/6
Ekter has a total shareholder equity of €23.8M and total debt of €5.0M, which brings its debt-to-equity ratio to 21.1%. Its total assets and total liabilities are €46.1M and €22.2M respectively. Ekter's EBIT is €7.0M making its interest coverage ratio 44.4. It has cash and short-term investments of €15.8M.
Key information
21.1%
Debt to equity ratio
€5.03m
Debt
| Interest coverage ratio | 44.4x |
| Cash | €15.84m |
| Equity | €23.83m |
| Total liabilities | €22.24m |
| Total assets | €46.07m |
Recent financial health updates
Does Ekter (ATH:EKTER) Have A Healthy Balance Sheet?
Nov 07
Here's Why Ekter (ATH:EKTER) Can Manage Its Debt Responsibly
Dec 23These 4 Measures Indicate That Ekter (ATH:EKTER) Is Using Debt Safely
Jun 17We Think Ekter (ATH:EKTER) Is Taking Some Risk With Its Debt
May 08Recent updates
Ekter (ATH:EKTER) Is Investing Its Capital With Increasing Efficiency
Apr 23Does Ekter (ATH:EKTER) Have A Healthy Balance Sheet?
Nov 07We Think Ekter's (ATH:EKTER) Profit Is Only A Baseline For What They Can Achieve
Oct 09Ekter (ATH:EKTER) Is Doing The Right Things To Multiply Its Share Price
Oct 04The Return Trends At Ekter (ATH:EKTER) Look Promising
Jun 22Ekter SA's (ATH:EKTER) P/E Still Appears To Be Reasonable
Mar 07Here's Why Ekter (ATH:EKTER) Can Manage Its Debt Responsibly
Dec 23Estimating The Intrinsic Value Of Ekter SA (ATH:EKTER)
Aug 11These 4 Measures Indicate That Ekter (ATH:EKTER) Is Using Debt Safely
Jun 17We Think Ekter (ATH:EKTER) Is Taking Some Risk With Its Debt
May 08Financial Position Analysis
Short Term Liabilities: EKTER's short term assets (€35.3M) exceed its short term liabilities (€20.0M).
Long Term Liabilities: EKTER's short term assets (€35.3M) exceed its long term liabilities (€2.3M).
Debt to Equity History and Analysis
Debt Level: EKTER has more cash than its total debt.
Reducing Debt: EKTER's debt to equity ratio has increased from 0% to 21.1% over the past 5 years.
Debt Coverage: EKTER's debt is well covered by operating cash flow (228.8%).
Interest Coverage: EKTER's interest payments on its debt are well covered by EBIT (44.4x coverage).