Iceland Seafood International hf Balance Sheet Health
Financial Health criteria checks 2/6
Iceland Seafood International hf has a total shareholder equity of €72.7M and total debt of €113.9M, which brings its debt-to-equity ratio to 156.6%. Its total assets and total liabilities are €254.8M and €182.1M respectively. Iceland Seafood International hf's EBIT is €8.2M making its interest coverage ratio 1.6. It has cash and short-term investments of €16.5M.
Key information
156.6%
Debt to equity ratio
€113.87m
Debt
| Interest coverage ratio | 1.6x |
| Cash | €16.52m |
| Equity | €72.73m |
| Total liabilities | €182.08m |
| Total assets | €254.81m |
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
Is 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 (€161.0M) exceed its short term liabilities (€137.1M).
Long Term Liabilities: ICESEA's short term assets (€161.0M) exceed its long term liabilities (€45.0M).
Debt to Equity History and Analysis
Debt Level: ICESEA's net debt to equity ratio (133.8%) is considered high.
Reducing Debt: ICESEA's debt to equity ratio has increased from 138% to 156.6% over the past 5 years.
Debt Coverage: ICESEA's debt is not well covered by operating cash flow (9.9%).
Interest Coverage: ICESEA's interest payments on its debt are not well covered by EBIT (1.6x coverage).