Zest Balance Sheet Health
Financial Health criteria checks 3/6
Zest has a total shareholder equity of €51.3M and total debt of €9.1M, which brings its debt-to-equity ratio to 17.7%. Its total assets and total liabilities are €69.5M and €18.3M respectively.
Key information
17.7%
Debt to equity ratio
€9.08m
Debt
| Interest coverage ratio | n/a |
| Cash | €4.60m |
| Equity | €51.26m |
| Total liabilities | €18.26m |
| Total assets | €69.52m |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: ZEST's short term assets (€10.8M) do not cover its short term liabilities (€11.8M).
Long Term Liabilities: ZEST's short term assets (€10.8M) exceed its long term liabilities (€6.5M).
Debt to Equity History and Analysis
Debt Level: ZEST's net debt to equity ratio (8.7%) is considered satisfactory.
Reducing Debt: ZEST's debt to equity ratio has reduced from 23.7% to 17.7% over the past 5 years.
Debt Coverage: ZEST's operating cash flow is negative, therefore debt is not well covered.
Interest Coverage: Insufficient data to determine if ZEST's interest payments on its debt are well covered by EBIT.