Adventure Balance Sheet Health
Financial Health criteria checks 3/6
Adventure has a total shareholder equity of €244.1K and total debt of €663.5K, which brings its debt-to-equity ratio to 271.9%. Its total assets and total liabilities are €2.2M and €2.0M respectively. Adventure's EBIT is €337.2K making its interest coverage ratio 22.2. It has cash and short-term investments of €504.4K.
Key information
271.9%
Debt to equity ratio
€663.52k
Debt
| Interest coverage ratio | 22.2x |
| Cash | €504.38k |
| Equity | €244.07k |
| Total liabilities | €1.99m |
| Total assets | €2.24m |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: ADV's short term assets (€1.5M) do not cover its short term liabilities (€1.5M).
Long Term Liabilities: ADV's short term assets (€1.5M) exceed its long term liabilities (€531.9K).
Debt to Equity History and Analysis
Debt Level: ADV's net debt to equity ratio (65.2%) is considered high.
Reducing Debt: Insufficient data to determine if ADV's debt to equity ratio has reduced over the past 5 years.
Debt Coverage: ADV's debt is well covered by operating cash flow (139.8%).
Interest Coverage: ADV's interest payments on its debt are well covered by EBIT (22.2x coverage).