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Igeamed Balance Sheet Health
Financial Health criteria checks 5/6
Igeamed has a total shareholder equity of €839.6K and total debt of €472.5K, which brings its debt-to-equity ratio to 56.3%. Its total assets and total liabilities are €5.1M and €4.2M respectively. Igeamed's EBIT is €57.1K making its interest coverage ratio 1.8. It has cash and short-term investments of €331.0K.
Key information
56.3%
Debt to equity ratio
€472.49k
Debt
Interest coverage ratio | 1.8x |
Cash | €330.99k |
Equity | €839.60k |
Total liabilities | €4.24m |
Total assets | €5.08m |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: MED's short term assets (€4.1M) exceed its short term liabilities (€4.0M).
Long Term Liabilities: MED's short term assets (€4.1M) exceed its long term liabilities (€266.3K).
Debt to Equity History and Analysis
Debt Level: MED's net debt to equity ratio (16.9%) is considered satisfactory.
Reducing Debt: MED's debt to equity ratio has reduced from 326.9% to 56.3% over the past 5 years.
Debt Coverage: MED's debt is well covered by operating cash flow (45.1%).
Interest Coverage: MED's interest payments on its debt are not well covered by EBIT (1.8x coverage).