Longino & Cardenal Balance Sheet Health
Financial Health criteria checks 4/6
Longino & Cardenal has a total shareholder equity of €7.6M and total debt of €3.5M, which brings its debt-to-equity ratio to 46%. Its total assets and total liabilities are €19.6M and €12.0M respectively. Longino & Cardenal's EBIT is €94.0K making its interest coverage ratio 0.2. It has cash and short-term investments of €2.9M.
Key information
46.0%
Debt to equity ratio
€3.50m
Debt
| Interest coverage ratio | 0.2x |
| Cash | €2.93m |
| Equity | €7.61m |
| Total liabilities | €12.03m |
| Total assets | €19.65m |
Recent financial health updates
Is Longino & Cardenal (BIT:LON) Using Too Much Debt?
Nov 21
Longino & Cardenal (BIT:LON) Is Making Moderate Use Of Debt
May 23Is Longino & Cardenal (BIT:LON) Using Debt In A Risky Way?
Jun 07Recent updates
Revenues Not Telling The Story For Longino & Cardenal S.p.A. (BIT:LON) After Shares Rise 33%
Feb 16Is Longino & Cardenal (BIT:LON) Using Too Much Debt?
Nov 21Longino & Cardenal (BIT:LON) Is Making Moderate Use Of Debt
May 23Is Longino & Cardenal (BIT:LON) Using Debt In A Risky Way?
Jun 07Calculating The Intrinsic Value Of Longino & Cardenal S.p.A. (BIT:LON)
Mar 31Does It Make Sense To Buy Longino & Cardenal S.p.A. (BIT:LON) For Its Yield?
Feb 24Financial Position Analysis
Short Term Liabilities: LON's short term assets (€9.3M) exceed its short term liabilities (€7.6M).
Long Term Liabilities: LON's short term assets (€9.3M) exceed its long term liabilities (€4.4M).
Debt to Equity History and Analysis
Debt Level: LON's net debt to equity ratio (7.5%) is considered satisfactory.
Reducing Debt: LON's debt to equity ratio has increased from 24.5% to 46% over the past 5 years.
Balance Sheet
Cash Runway Analysis
For companies that have on average been loss-making in the past, we assess whether they have at least 1 year of cash runway.
Stable Cash Runway: LON has sufficient cash runway for more than a year based on its current free cash flow.
Forecast Cash Runway: Insufficient data to determine if LON has enough cash runway if its free cash flow continues to grow or shrink based on historical rates.