Longino & Cardenal Balance Sheet Health
Financial Health criteria checks 3/6
Longino & Cardenal has a total shareholder equity of €3.6M and total debt of €7.9M, which brings its debt-to-equity ratio to 221.5%. Its total assets and total liabilities are €19.9M and €16.4M respectively. Longino & Cardenal's EBIT is €484.1K making its interest coverage ratio 1.2. It has cash and short-term investments of €1.2M.
Key information
221.5%
Debt to equity ratio
€7.87m
Debt
| Interest coverage ratio | 1.2x |
| Cash | €1.20m |
| Equity | €3.55m |
| Total liabilities | €16.37m |
| Total assets | €19.92m |
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
Market Cool On Longino & Cardenal S.p.A.'s (BIT:LON) Revenues Pushing Shares 26% Lower
Oct 22Is Longino & Cardenal S.p.A. (BIT:LON) Trading At A 35% Discount?
Sep 20Calculating The Fair Value Of Longino & Cardenal S.p.A. (BIT:LON)
Jun 05Revenues 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 (€14.3M) exceed its short term liabilities (€11.9M).
Long Term Liabilities: LON's short term assets (€14.3M) exceed its long term liabilities (€4.5M).
Debt to Equity History and Analysis
Debt Level: LON's net debt to equity ratio (187.8%) is considered high.
Reducing Debt: LON's debt to equity ratio has increased from 16.3% to 221.5% 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 3 years 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.