Elspec Engineering Balance Sheet Health
Financial Health criteria checks 6/6
Elspec Engineering has a total shareholder equity of ₪76.3M and total debt of ₪2.8M, which brings its debt-to-equity ratio to 3.7%. Its total assets and total liabilities are ₪100.7M and ₪24.4M respectively. Elspec Engineering's EBIT is ₪10.2M making its interest coverage ratio -164.8. It has cash and short-term investments of ₪19.1M.
Key information
3.7%
Debt to equity ratio
₪2.81m
Debt
| Interest coverage ratio | -164.8x |
| Cash | ₪19.14m |
| Equity | ₪76.31m |
| Total liabilities | ₪24.39m |
| Total assets | ₪100.70m |
Recent financial health updates
Elspec Engineering (TLV:ELSPC) Has A Pretty Healthy Balance Sheet
Nov 03
These 4 Measures Indicate That Elspec Engineering (TLV:ELSPC) Is Using Debt Reasonably Well
Apr 19Recent updates
Impressive Earnings May Not Tell The Whole Story For Elspec Engineering (TLV:ELSPC)
Mar 30Here's Why We Think Elspec Engineering (TLV:ELSPC) Is Well Worth Watching
Mar 29Subdued Growth No Barrier To Elspec Engineering Ltd's (TLV:ELSPC) Price
Jan 02Elspec Engineering (TLV:ELSPC) Is Experiencing Growth In Returns On Capital
Oct 21Estimating The Intrinsic Value Of Elspec Engineering Ltd (TLV:ELSPC)
Aug 28Investors Met With Slowing Returns on Capital At Elspec Engineering (TLV:ELSPC)
Mar 31Elspec Engineering (TLV:ELSPC) Will Want To Turn Around Its Return Trends
Mar 28Elspec Engineering (TLV:ELSPC) Has A Pretty Healthy Balance Sheet
Nov 03Some Investors May Be Worried About Elspec Engineering's (TLV:ELSPC) Returns On Capital
Aug 05These 4 Measures Indicate That Elspec Engineering (TLV:ELSPC) Is Using Debt Reasonably Well
Apr 19The Returns On Capital At Elspec Engineering (TLV:ELSPC) Don't Inspire Confidence
Mar 24Elspec Engineering Ltd.'s (TLV:ELSPC) Stock On An Uptrend: Could Fundamentals Be Driving The Momentum?
Dec 29Financial Position Analysis
Short Term Liabilities: ELSPC's short term assets (₪73.9M) exceed its short term liabilities (₪20.2M).
Long Term Liabilities: ELSPC's short term assets (₪73.9M) exceed its long term liabilities (₪4.2M).
Debt to Equity History and Analysis
Debt Level: ELSPC has more cash than its total debt.
Reducing Debt: ELSPC's debt to equity ratio has reduced from 15.3% to 3.7% over the past 5 years.
Debt Coverage: ELSPC's debt is well covered by operating cash flow (79.4%).
Interest Coverage: ELSPC earns more interest than it pays, so coverage of interest payments is not a concern.