Ackerstein Group Balance Sheet Health
Financial Health criteria checks 4/6
Ackerstein Group has a total shareholder equity of ₪1.2B and total debt of ₪144.1M, which brings its debt-to-equity ratio to 12.5%. Its total assets and total liabilities are ₪1.9B and ₪735.9M respectively. Ackerstein Group's EBIT is ₪133.5M making its interest coverage ratio 12.2. It has cash and short-term investments of ₪133.9M.
Key information
12.5%
Debt to equity ratio
₪144.05m
Debt
| Interest coverage ratio | 12.2x |
| Cash | ₪133.86m |
| Equity | ₪1.15b |
| Total liabilities | ₪735.88m |
| Total assets | ₪1.89b |
Recent financial health updates
No updates
Financial Position Analysis
Short Term Liabilities: ACKR's short term assets (₪588.0M) exceed its short term liabilities (₪367.6M).
Long Term Liabilities: ACKR's short term assets (₪588.0M) exceed its long term liabilities (₪368.3M).
Debt to Equity History and Analysis
Debt Level: ACKR's net debt to equity ratio (0.9%) is considered satisfactory.
Reducing Debt: Insufficient data to determine if ACKR's debt to equity ratio has reduced over the past 5 years.
Debt Coverage: ACKR's debt is not well covered by operating cash flow (19.1%).
Interest Coverage: ACKR's interest payments on its debt are well covered by EBIT (12.2x coverage).