MeglioQuesto Balance Sheet Health
Financial Health criteria checks 3/6
MeglioQuesto has a total shareholder equity of €32.3M and total debt of €44.9M, which brings its debt-to-equity ratio to 139.1%. Its total assets and total liabilities are €108.3M and €76.0M respectively. MeglioQuesto's EBIT is €2.2M making its interest coverage ratio 0.8. It has cash and short-term investments of €4.8M.
Key information
139.1%
Debt to equity ratio
€44.93m
Debt
| Interest coverage ratio | 0.8x |
| Cash | €4.85m |
| Equity | €32.30m |
| Total liabilities | €76.02m |
| Total assets | €108.32m |
Recent financial health updates
No updates
Financial Position Analysis
Short Term Liabilities: MQSPA's short term assets (€53.7M) exceed its short term liabilities (€33.4M).
Long Term Liabilities: MQSPA's short term assets (€53.7M) exceed its long term liabilities (€42.6M).
Debt to Equity History and Analysis
Debt Level: MQSPA's net debt to equity ratio (124.1%) is considered high.
Reducing Debt: Insufficient data to determine if MQSPA's debt to equity ratio has reduced over the past 5 years.
Debt Coverage: MQSPA's debt is well covered by operating cash flow (48.7%).
Interest Coverage: MQSPA's interest payments on its debt are not well covered by EBIT (0.8x coverage).