Iceland Seafood International hf Balance Sheet Health
Financial Health criteria checks 1/6
Iceland Seafood International hf has a total shareholder equity of €71.4M and total debt of €115.7M, which brings its debt-to-equity ratio to 162%. Its total assets and total liabilities are €239.1M and €167.7M respectively. Iceland Seafood International hf's EBIT is €14.4M making its interest coverage ratio 1.8. It has cash and short-term investments of €12.2M.
Key information
162.0%
Debt to equity ratio
€115.71m
Debt
| Interest coverage ratio | 1.8x |
| Cash | €12.20m |
| Equity | €71.42m |
| Total liabilities | €167.70m |
| Total assets | €239.12m |
Recent financial health updates
Is Iceland Seafood International hf (ICE:ICESEA) A Risky Investment?
Mar 02
Is Iceland Seafood International hf (ICE:ICESEA) Using Too Much Debt?
Jan 18Is Iceland Seafood International hf (ICE:ICESEA) A Risky Investment?
May 04Recent updates
Iceland Seafood International hf.'s (ICE:ICESEA) Business Is Trailing The Industry But Its Shares Aren't
Dec 14Is Iceland Seafood International hf (ICE:ICESEA) A Risky Investment?
Mar 02Is Iceland Seafood International hf (ICE:ICESEA) Using Too Much Debt?
Jan 18Iceland Seafood International hf (ICE:ICESEA) Might Be Having Difficulty Using Its Capital Effectively
Mar 02Is Iceland Seafood International hf (ICE:ICESEA) A Risky Investment?
May 04Can You Imagine How Iceland Seafood International hf's (ICE:ICESEA) Shareholders Feel About The 98% Share Price Increase?
Feb 25Financial Position Analysis
Short Term Liabilities: ICESEA's short term assets (€144.0M) do not cover its short term liabilities (€149.6M).
Long Term Liabilities: ICESEA's short term assets (€144.0M) exceed its long term liabilities (€18.1M).
Debt to Equity History and Analysis
Debt Level: ICESEA's net debt to equity ratio (144.9%) is considered high.
Reducing Debt: ICESEA's debt to equity ratio has increased from 114.9% to 162% over the past 5 years.
Debt Coverage: ICESEA's debt is not well covered by operating cash flow (9.6%).
Interest Coverage: ICESEA's interest payments on its debt are not well covered by EBIT (1.8x coverage).