Akritas Balance Sheet Health
Financial Health criteria checks 2/6
Akritas has a total shareholder equity of €11.9M and total debt of €18.8M, which brings its debt-to-equity ratio to 158.4%. Its total assets and total liabilities are €51.5M and €39.6M respectively. Akritas's EBIT is €1.0M making its interest coverage ratio 0.5. It has cash and short-term investments of €381.7K.
Key information
158.4%
Debt to equity ratio
€18.80m
Debt
| Interest coverage ratio | 0.5x |
| Cash | €381.70k |
| Equity | €11.87m |
| Total liabilities | €39.63m |
| Total assets | €51.51m |
Recent financial health updates
Recent updates
We Think You Should Be Aware Of Some Concerning Factors In Akritas' (ATH:AKRIT) Earnings
May 05
Akritas (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 (€17.3M) exceed its short term liabilities (€16.9M).
Long Term Liabilities: AKRIT's short term assets (€17.3M) do not cover its long term liabilities (€22.7M).
Debt to Equity History and Analysis
Debt Level: AKRIT's net debt to equity ratio (155.2%) is considered high.
Reducing Debt: AKRIT had negative shareholder equity 5 years ago, but is now positive and has therefore improved.
Debt Coverage: AKRIT's debt is not well covered by operating cash flow (5.8%).
Interest Coverage: AKRIT's interest payments on its debt are not well covered by EBIT (0.5x coverage).