Litix Balance Sheet Health
Financial Health criteria checks 4/6
Litix has a total shareholder equity of €1.8M and total debt of €574.3K, which brings its debt-to-equity ratio to 32.5%. Its total assets and total liabilities are €7.3M and €5.5M respectively. Litix's EBIT is €892.1K making its interest coverage ratio 40.6. It has cash and short-term investments of €576.9K.
Key information
32.5%
Debt to equity ratio
€574.27k
Debt
| Interest coverage ratio | 40.6x |
| Cash | €576.91k |
| Equity | €1.77m |
| Total liabilities | €5.49m |
| Total assets | €7.26m |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: LTX's short term assets (€5.2M) exceed its short term liabilities (€4.7M).
Long Term Liabilities: LTX's short term assets (€5.2M) exceed its long term liabilities (€766.6K).
Debt to Equity History and Analysis
Debt Level: LTX has more cash than its total debt.
Reducing Debt: Insufficient data to determine if LTX's debt to equity ratio has reduced over the past 5 years.
Debt Coverage: Insufficient data to determine if LTX's debt is well covered by operating cash flow.
Interest Coverage: LTX's interest payments on its debt are well covered by EBIT (40.6x coverage).
Balance Sheet
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Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2024/12/22 05:34 |
| End of Day Share Price | 2024/12/20 00:00 |
| Earnings | 2023/12/31 |
| Annual Earnings | 2023/12/31 |
Data Sources
The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.
| Package | Data | Timeframe | Example US Source * |
|---|---|---|---|
| Company Financials | 10 years |
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| Analyst Consensus Estimates | +3 years |
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| Market Prices | 30 years |
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| Ownership | 10 years |
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| Management | 10 years |
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| Key Developments | 10 years |
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* example for US securities, for non-US equivalent regulatory forms and sources are used.
Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.
Analysis Model and Snowflake
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Industry and Sector Metrics
Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on .
Analyst Sources
Litix S.p.A. is covered by 1 analysts. 1 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.
| Analyst | Institution |
|---|---|
| Mattia Petracca | Integrae SPA |