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).