Thrace Plastics Holding Balance Sheet Health
Financial Health criteria checks 6/6
Thrace Plastics Holding has a total shareholder equity of €277.1M and total debt of €54.3M, which brings its debt-to-equity ratio to 19.6%. Its total assets and total liabilities are €406.3M and €129.2M respectively. Thrace Plastics Holding's EBIT is €20.4M making its interest coverage ratio 8. It has cash and short-term investments of €41.1M.
Key information
19.6%
Debt to equity ratio
€54.35m
Debt
| Interest coverage ratio | 8x |
| Cash | €41.07m |
| Equity | €277.05m |
| Total liabilities | €129.21m |
| Total assets | €406.26m |
Recent financial health updates
Here's Why Thrace Plastics Holding (ATH:PLAT) Can Manage Its Debt Responsibly
Nov 17
Thrace Plastics Holding (ATH:PLAT) Seems To Use Debt Quite Sensibly
Jun 15Thrace Plastics Holding and Commercial (ATH:PLAT) Seems To Use Debt Quite Sensibly
Feb 12
Recent updates
Thrace Plastics Holding Company S.A. (ATH:PLAT) Could Be Riskier Than It Looks
Jan 30A Look At The Fair Value Of Thrace Plastics Holding Company S.A. (ATH:PLAT)
Jun 10Thrace Plastics Holding (ATH:PLAT) Will Pay A Larger Dividend Than Last Year At €0.1898
May 26Thrace Plastics Holding (ATH:PLAT) Is Increasing Its Dividend To €0.1898
Apr 28Here's Why Thrace Plastics Holding (ATH:PLAT) Can Manage Its Debt Responsibly
Nov 17Thrace Plastics Holding Company S.A. (ATH:PLAT) Shares Could Be 20% Above Their Intrinsic Value Estimate
Aug 27Thrace Plastics Holding (ATH:PLAT) Seems To Use Debt Quite Sensibly
Jun 15Thrace Plastics Holding and Commercial's (ATH:PLAT) Dividend Will Be Increased To €0.27
May 19Is It Too Late To Consider Buying Thrace Plastics Holding and Commercial S.A. (ATH:PLAT)?
Apr 12With EPS Growth And More, Thrace Plastics Holding and Commercial (ATH:PLAT) Is Interesting
Sep 15Under The Bonnet, Thrace Plastics Holding and Commercial's (ATH:PLAT) Returns Look Impressive
Jun 08Is Now An Opportune Moment To Examine Thrace Plastics Holding and Commercial S.A. (ATH:PLAT)?
Apr 21Thrace Plastics Holding and Commercial S.A.'s (ATH:PLAT) Stock On An Uptrend: Could Fundamentals Be Driving The Momentum?
Mar 19Should You Be Adding Thrace Plastics Holding and Commercial (ATH:PLAT) To Your Watchlist Today?
Mar 01Thrace Plastics Holding and Commercial (ATH:PLAT) Seems To Use Debt Quite Sensibly
Feb 12What Kind Of Investors Own Most Of Thrace Plastics Holding and Commercial S.A. (ATH:PLAT)?
Jan 27Thrace Plastics Holding and Commercial's (ATH:PLAT) Earnings Are Growing But Is There More To The Story?
Jan 13Should You Investigate Thrace Plastics Holding and Commercial S.A. (ATH:PLAT) At €3.81?
Jan 02Is Thrace Plastics Holding and Commercial (ATH:PLAT) A Future Multi-bagger?
Dec 20Why Thrace Plastics Holding and Commercial S.A. (ATH:PLAT) Should Be In Your Dividend Portfolio
Dec 07Should You Be Adding Thrace Plastics Holding and Commercial (ATH:PLAT) To Your Watchlist Today?
Nov 25Three Things You Should Check Before Buying Thrace Plastics Holding and Commercial S.A. (ATH:PLAT) For Its Dividend
Jul 30Should We Be Excited About The Trends Of Returns At Thrace Plastics Holding and Commercial (ATH:PLAT)?
Jul 14Financial Position Analysis
Short Term Liabilities: PLAT's short term assets (€184.5M) exceed its short term liabilities (€89.4M).
Long Term Liabilities: PLAT's short term assets (€184.5M) exceed its long term liabilities (€39.8M).
Debt to Equity History and Analysis
Debt Level: PLAT's net debt to equity ratio (4.8%) is considered satisfactory.
Reducing Debt: PLAT's debt to equity ratio has reduced from 60% to 19.6% over the past 5 years.
Debt Coverage: PLAT's debt is well covered by operating cash flow (85.7%).
Interest Coverage: PLAT's interest payments on its debt are well covered by EBIT (8x coverage).