J. & B. Ladenis Bros - Minerva - Knitwear Manufacturing Balance Sheet Health
Financial Health criteria checks 2/6
J. & B. Ladenis Bros - Minerva - Knitwear Manufacturing has a total shareholder equity of €4.1M and total debt of €13.7M, which brings its debt-to-equity ratio to 336.4%. Its total assets and total liabilities are €27.0M and €22.9M respectively. J. & B. Ladenis Bros - Minerva - Knitwear Manufacturing's EBIT is €1.2M making its interest coverage ratio 1.5. It has cash and short-term investments of €386.0K.
Key information
336.4%
Debt to equity ratio
€13.73m
Debt
| Interest coverage ratio | 1.5x |
| Cash | €386.00k |
| Equity | €4.08m |
| Total liabilities | €22.95m |
| Total assets | €27.03m |
Recent financial health updates
Recent updates
We Like These Underlying Return On Capital Trends At J. & B. Ladenis Bros - Minerva - Knitwear Manufacturing (ATH:MIN)
Jan 09
Returns On Capital Are Showing Encouraging Signs At J. & B. Ladenis Bros - Minerva - Knitwear Manufacturing (ATH:MIN)
Sep 21J. & B. Ladenis Bros - Minerva - Knitwear Manufacturing (ATH:MIN) Might Have The Makings Of A Multi-Bagger
Jun 14J. & B. Ladenis Bros S.A. - Minerva - Knitwear Manufacturing Company's (ATH:MIN) Subdued P/E Might Signal An Opportunity
Jan 14J. & B. Ladenis Bros - Minerva - Knitwear Manufacturing (ATH:MIN) Is Doing The Right Things To Multiply Its Share Price
Jul 09Does J. & B. Ladenis Bros - Minerva - Knitwear Manufacturing (ATH:MIN) Have A Healthy Balance Sheet?
Dec 07Returns At J. & B. Ladenis Bros - Minerva - Knitwear Manufacturing (ATH:MIN) Are On The Way Up
Oct 24J. & B. Ladenis Bros - Minerva - Knitwear Manufacturing (ATH:MIN) Shareholders Will Want The ROCE Trajectory To Continue
May 12We Like These Underlying Trends At J. & B. Ladenis Bros - Minerva - Knitwear Manufacturing (ATH:MIN)
Jan 28
Financial Position Analysis
Short Term Liabilities: MIN's short term assets (€13.5M) do not cover its short term liabilities (€17.5M).
Long Term Liabilities: MIN's short term assets (€13.5M) exceed its long term liabilities (€5.4M).
Debt to Equity History and Analysis
Debt Level: MIN's net debt to equity ratio (326.9%) is considered high.
Reducing Debt: MIN's debt to equity ratio has reduced from 395.9% to 336.4% over the past 5 years.
Debt Coverage: MIN's debt is not well covered by operating cash flow (12%).
Interest Coverage: MIN's interest payments on its debt are not well covered by EBIT (1.5x coverage).