Met.Extra Group Balance Sheet Health
Financial Health criteria checks 6/6
Met.Extra Group has a total shareholder equity of €25.8M and total debt of €6.1M, which brings its debt-to-equity ratio to 23.6%. Its total assets and total liabilities are €39.5M and €13.6M respectively. Met.Extra Group's EBIT is €5.1M making its interest coverage ratio 13. It has cash and short-term investments of €695.0K.
Key information
23.6%
Debt to equity ratio
€6.11m
Debt
Interest coverage ratio | 13x |
Cash | €695.00k |
Equity | €25.85m |
Total liabilities | €13.63m |
Total assets | €39.47m |
Recent financial health updates
No updates
Financial Position Analysis
Short Term Liabilities: MET's short term assets (€17.9M) exceed its short term liabilities (€9.5M).
Long Term Liabilities: MET's short term assets (€17.9M) exceed its long term liabilities (€4.1M).
Debt to Equity History and Analysis
Debt Level: MET's net debt to equity ratio (20.9%) is considered satisfactory.
Reducing Debt: MET's debt to equity ratio has reduced from 70.4% to 23.6% over the past 5 years.
Debt Coverage: MET's debt is well covered by operating cash flow (129.6%).
Interest Coverage: MET's interest payments on its debt are well covered by EBIT (13x coverage).