Longino & Cardenal Balance Sheet Health
Financial Health criteria checks 3/6
Longino & Cardenal has a total shareholder equity of €3.8M and total debt of €8.0M, which brings its debt-to-equity ratio to 210.4%. Its total assets and total liabilities are €19.7M and €15.9M respectively. Longino & Cardenal's EBIT is €104.4K making its interest coverage ratio 0.3. It has cash and short-term investments of €1.4M.
Key information
210.4%
Debt to equity ratio
€7.98m
Debt
Interest coverage ratio | 0.3x |
Cash | €1.43m |
Equity | €3.79m |
Total liabilities | €15.92m |
Total assets | €19.71m |
Recent financial health updates
Is 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 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 (€13.9M) exceed its short term liabilities (€10.6M).
Long Term Liabilities: LON's short term assets (€13.9M) exceed its long term liabilities (€5.3M).
Debt to Equity History and Analysis
Debt Level: LON's net debt to equity ratio (172.7%) is considered high.
Reducing Debt: LON's debt to equity ratio has increased from 24.5% to 210.4% 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.