Iceland Seafood International hf Balance Sheet Health
Financial Health criteria checks 1/6
Iceland Seafood International hf has a total shareholder equity of €72.5M and total debt of €121.2M, which brings its debt-to-equity ratio to 167.2%. Its total assets and total liabilities are €253.3M and €180.8M respectively. Iceland Seafood International hf's EBIT is €11.4M making its interest coverage ratio 1.5. It has cash and short-term investments of €16.0M.
Key information
167.2%
Debt to equity ratio
€121.19m
Debt
| Interest coverage ratio | 1.5x |
| Cash | €16.02m |
| Equity | €72.48m |
| Total liabilities | €180.85m |
| Total assets | €253.32m |
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 (€158.0M) do not cover its short term liabilities (€162.3M).
Long Term Liabilities: ICESEA's short term assets (€158.0M) exceed its long term liabilities (€18.5M).
Debt to Equity History and Analysis
Debt Level: ICESEA's net debt to equity ratio (145.1%) is considered high.
Reducing Debt: ICESEA's debt to equity ratio has increased from 143.7% to 167.2% 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 (1.5x coverage).