Foodlink A.E Balance Sheet Health
Financial Health criteria checks 2/6
Foodlink A.E has a total shareholder equity of €1.2M and total debt of €10.9M, which brings its debt-to-equity ratio to 935.1%. Its total assets and total liabilities are €66.3M and €65.2M respectively. Foodlink A.E's EBIT is €2.1M making its interest coverage ratio 0.9. It has cash and short-term investments of €1.7M.
Key information
935.1%
Debt to equity ratio
€10.91m
Debt
| Interest coverage ratio | 0.9x |
| Cash | €1.73m |
| Equity | €1.17m |
| Total liabilities | €65.17m |
| Total assets | €66.34m |
Recent financial health updates
Foodlink A.E (ATH:FOODL) Takes On Some Risk With Its Use Of Debt
Nov 21
Does Foodlink A.E (ATH:FOODL) Have A Healthy Balance Sheet?
May 11Foodlink A.E (ATH:FOODL) Takes On Some Risk With Its Use Of Debt
Nov 09We Think Foodlink A.E (ATH:FOODL) Is Taking Some Risk With Its Debt
May 09Recent updates
It's A Story Of Risk Vs Reward With Foodlink A.E. (ATH:FOODL)
Oct 04Further Upside For Foodlink A.E. (ATH:FOODL) Shares Could Introduce Price Risks After 31% Bounce
May 14Foodlink A.E. (ATH:FOODL) Soars 31% But It's A Story Of Risk Vs Reward
May 14Foodlink A.E (ATH:FOODL) Takes On Some Risk With Its Use Of Debt
Nov 21It's A Story Of Risk Vs Reward With Foodlink A.E. (ATH:FOODL)
Aug 20Does Foodlink A.E (ATH:FOODL) Have A Healthy Balance Sheet?
May 11Foodlink A.E (ATH:FOODL) Takes On Some Risk With Its Use Of Debt
Nov 09We Think Foodlink A.E (ATH:FOODL) Is Taking Some Risk With Its Debt
May 09Financial Position Analysis
Short Term Liabilities: FOODL's short term assets (€33.3M) do not cover its short term liabilities (€43.3M).
Long Term Liabilities: FOODL's short term assets (€33.3M) exceed its long term liabilities (€21.8M).
Debt to Equity History and Analysis
Debt Level: FOODL's net debt to equity ratio (786.8%) is considered high.
Reducing Debt: FOODL's debt to equity ratio has increased from 194.9% to 935.1% over the past 5 years.
Debt Coverage: FOODL's debt is well covered by operating cash flow (100.8%).
Interest Coverage: FOODL's interest payments on its debt are not well covered by EBIT (0.9x coverage).