Akritas Balance Sheet Health
Financial Health criteria checks 4/6
Akritas has a total shareholder equity of €12.1M and total debt of €18.2M, which brings its debt-to-equity ratio to 150.6%. Its total assets and total liabilities are €51.2M and €39.2M respectively. Akritas's EBIT is €743.0K making its interest coverage ratio 0.5. It has cash and short-term investments of €579.3K.
Key information
150.6%
Debt to equity ratio
€18.20m
Debt
| Interest coverage ratio | 0.5x |
| Cash | €579.31k |
| Equity | €12.09m |
| Total liabilities | €39.15m |
| Total assets | €51.24m |
Recent financial health updates
Is Akritas (ATH:AKRIT) Using Too Much Debt?
Jun 14
Akritas (ATH:AKRIT) Takes On Some Risk With Its Use Of Debt
Nov 23Recent updates
Investors Will Want Akritas' (ATH:AKRIT) Growth In ROCE To Persist
Sep 17Investors Still Aren't Entirely Convinced By Akritas S.A.'s (ATH:AKRIT) Revenues Despite 27% Price Jump
Jul 11Is Akritas (ATH:AKRIT) Using Too Much Debt?
Jun 14We Think You Should Be Aware Of Some Concerning Factors In Akritas' (ATH:AKRIT) Earnings
May 05Akritas (ATH:AKRIT) Is Looking To Continue Growing Its Returns On Capital
Feb 10Investors Still Aren't Entirely Convinced By Akritas S.A.'s (ATH:AKRIT) Revenues Despite 97% Price Jump
Dec 18Akritas (ATH:AKRIT) Takes On Some Risk With Its Use Of Debt
Nov 23Akritas' (ATH:AKRIT) Profits May Not Reveal Underlying Issues
Oct 07Market Still Lacking Some Conviction On Akritas S.A. (ATH:AKRIT)
Aug 04Estimating The Intrinsic Value Of Akritas S.A. (ATH:AKRIT)
May 20Akritas (ATH:AKRIT) Is Experiencing Growth In Returns On Capital
Jan 28Financial Position Analysis
Short Term Liabilities: AKRIT's short term assets (€18.2M) exceed its short term liabilities (€18.1M).
Long Term Liabilities: AKRIT's short term assets (€18.2M) do not cover its long term liabilities (€21.1M).
Debt to Equity History and Analysis
Debt Level: AKRIT's net debt to equity ratio (145.8%) is considered high.
Reducing Debt: AKRIT had negative shareholder equity 5 years ago, but is now positive and has therefore improved.
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 AKRIT has sufficient cash runway for more than 3 years if it maintains its current positive free cash flow level.
Forecast Cash Runway: AKRIT is unprofitable but has sufficient cash runway for more than 3 years, due to free cash flow being positive and growing by 14.6% per year.