Elgeka Balance Sheet Health
Financial Health criteria checks 4/6
Elgeka has a total shareholder equity of €8.0M and total debt of €63.0M, which brings its debt-to-equity ratio to 790.2%. Its total assets and total liabilities are €149.5M and €141.6M respectively. Elgeka's EBIT is €6.5M making its interest coverage ratio 1.1. It has cash and short-term investments of €9.5M.
Key information
790.2%
Debt to equity ratio
€62.96m
Debt
| Interest coverage ratio | 1.1x |
| Cash | €9.51m |
| Equity | €7.97m |
| Total liabilities | €141.57m |
| Total assets | €149.54m |
Recent financial health updates
Recent updates
Elgeka (ATH:ELGEK) Will Want To Turn Around Its Return Trends
Oct 02
The Return Trends At Elgeka (ATH:ELGEK) Look Promising
May 20There's Been No Shortage Of Growth Recently For Elgeka's (ATH:ELGEK) Returns On Capital
Sep 04Returns On Capital Are Showing Encouraging Signs At Elgeka (ATH:ELGEK)
May 03Here's Why Elgeka (ATH:ELGEK) Is Weighed Down By Its Debt Load
Mar 10Returns On Capital - An Important Metric For Elgeka (ATH:ELGEK)
Nov 26Financial Position Analysis
Short Term Liabilities: ELGEK's short term assets (€70.0M) exceed its short term liabilities (€57.8M).
Long Term Liabilities: ELGEK's short term assets (€70.0M) do not cover its long term liabilities (€83.8M).
Debt to Equity History and Analysis
Debt Level: ELGEK's net debt to equity ratio (670.8%) is considered high.
Reducing Debt: ELGEK's debt to equity ratio has reduced from 1398.9% to 790.2% 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 ELGEK has sufficient cash runway for more than 3 years if it maintains its current positive free cash flow level.
Forecast Cash Runway: ELGEK is unprofitable but has sufficient cash runway for more than 3 years, due to free cash flow being positive and growing by 50.1% per year.