ARGO Properties Balance Sheet Health
Financial Health criteria checks 1/6
ARGO Properties has a total shareholder equity of €330.2M and total debt of €348.5M, which brings its debt-to-equity ratio to 105.5%. Its total assets and total liabilities are €707.3M and €377.1M respectively. ARGO Properties's EBIT is €11.2M making its interest coverage ratio 1.5. It has cash and short-term investments of €11.6M.
Key information
105.5%
Debt to equity ratio
€348.53m
Debt
Interest coverage ratio | 1.5x |
Cash | €11.56m |
Equity | €330.24m |
Total liabilities | €377.06m |
Total assets | €707.30m |
Recent financial health updates
No updates
Financial Position Analysis
Short Term Liabilities: ARGO's short term assets (€25.6M) exceed its short term liabilities (€15.5M).
Long Term Liabilities: ARGO's short term assets (€25.6M) do not cover its long term liabilities (€361.6M).
Debt to Equity History and Analysis
Debt Level: ARGO's net debt to equity ratio (102%) is considered high.
Reducing Debt: Insufficient data to determine if ARGO's debt to equity ratio has reduced over the past 5 years.
Debt Coverage: ARGO's debt is not well covered by operating cash flow (3.7%).
Interest Coverage: ARGO's interest payments on its debt are not well covered by EBIT (1.5x coverage).