Dromeas Balance Sheet Health
Financial Health criteria checks 5/6
Dromeas has a total shareholder equity of €26.6M and total debt of €22.4M, which brings its debt-to-equity ratio to 84.2%. Its total assets and total liabilities are €63.3M and €36.7M respectively. Dromeas's EBIT is €2.5M making its interest coverage ratio 1.3. It has cash and short-term investments of €3.3M.
Key information
84.2%
Debt to equity ratio
€22.44m
Debt
| Interest coverage ratio | 1.3x |
| Cash | €3.30m |
| Equity | €26.64m |
| Total liabilities | €36.69m |
| Total assets | €63.33m |
Recent financial health updates
Recent updates
Dromeas SA's (ATH:DROME) Price In Tune With Revenues
May 22
Returns Are Gaining Momentum At Dromeas (ATH:DROME)
Apr 10Dromeas (ATH:DROME) Shareholders Will Want The ROCE Trajectory To Continue
Oct 10A Look At The Fair Value Of Dromeas SA (ATH:DROME)
Jun 13Calculating The Intrinsic Value Of Dromeas SA (ATH:DROME)
Jun 12Dromeas (ATH:DROME) Might Have The Makings Of A Multi-Bagger
May 08Dromeas (ATH:DROME) Is Doing The Right Things To Multiply Its Share Price
Sep 28Returns On Capital Are Showing Encouraging Signs At Dromeas (ATH:DROME)
Jun 06These 4 Measures Indicate That Dromeas (ATH:DROME) Is Using Debt Extensively
May 02Are Dromeas's (ATH:DROME) Statutory Earnings A Good Reflection Of Its Earnings Potential?
Jan 24
Will Dromeas' (ATH:DROME) Growth In ROCE Persist?
Nov 30Financial Position Analysis
Short Term Liabilities: DROME's short term assets (€28.5M) exceed its short term liabilities (€16.2M).
Long Term Liabilities: DROME's short term assets (€28.5M) exceed its long term liabilities (€20.5M).
Debt to Equity History and Analysis
Debt Level: DROME's net debt to equity ratio (71.9%) is considered high.
Reducing Debt: DROME's debt to equity ratio has reduced from 96.3% to 84.2% over the past 5 years.
Balance Sheet
Cash Runway Analysis
For companies that have on average been loss-making in the past, we assess whether they have at least 1 year of cash runway.
Stable Cash Runway: Whilst unprofitable DROME has sufficient cash runway for more than 3 years if it maintains its current positive free cash flow level.
Forecast Cash Runway: DROME is unprofitable but has sufficient cash runway for more than 3 years, due to free cash flow being positive and growing by 17.3% per year.