Croatia Airlines d.d Balance Sheet Health
Financial Health criteria checks 1/6
Croatia Airlines d.d has a total shareholder equity of €5.3M and total debt of €118.2M, which brings its debt-to-equity ratio to 2218.9%. Its total assets and total liabilities are €242.1M and €236.8M respectively. Croatia Airlines d.d's EBIT is €3.6M making its interest coverage ratio 2.8. It has cash and short-term investments of €76.2M.
Key information
2,218.9%
Debt to equity ratio
€118.19m
Debt
Interest coverage ratio | 2.8x |
Cash | €76.16m |
Equity | €5.33m |
Total liabilities | €236.77m |
Total assets | €242.09m |
Recent financial health updates
No updates
Financial Position Analysis
Short Term Liabilities: CRAL's short term assets (€119.9M) exceed its short term liabilities (€86.3M).
Long Term Liabilities: CRAL's short term assets (€119.9M) do not cover its long term liabilities (€150.5M).
Debt to Equity History and Analysis
Debt Level: CRAL's net debt to equity ratio (789%) is considered high.
Reducing Debt: CRAL's debt to equity ratio has increased from 311.4% to 2218.9% over the past 5 years.
Debt Coverage: CRAL's operating cash flow is negative, therefore debt is not well covered.
Interest Coverage: CRAL's interest payments on its debt are not well covered by EBIT (2.8x coverage).