Promotica Balance Sheet Health
Financial Health criteria checks 3/6
Promotica has a total shareholder equity of €21.8M and total debt of €32.9M, which brings its debt-to-equity ratio to 151.1%. Its total assets and total liabilities are €82.7M and €60.9M respectively. Promotica's EBIT is €6.2M making its interest coverage ratio 4.1. It has cash and short-term investments of €7.4M.
Key information
151.1%
Debt to equity ratio
€32.87m
Debt
| Interest coverage ratio | 4.1x |
| Cash | €7.36m |
| Equity | €21.75m |
| Total liabilities | €60.92m |
| Total assets | €82.68m |
Recent financial health updates
Recent updates
These 4 Measures Indicate That Promotica (BIT:PMT) Is Using Debt Extensively
Jun 18
Promotica (BIT:PMT) Strong Profits May Be Masking Some Underlying Issues
May 10We Believe That Promotica's (BIT:PMT) Weak Earnings Are A Good Indicator Of Underlying Profitability
May 27Promotica (BIT:PMT) Is Achieving High Returns On Its Capital
Mar 07Financial Position Analysis
Short Term Liabilities: PMT's short term assets (€69.8M) exceed its short term liabilities (€54.3M).
Long Term Liabilities: PMT's short term assets (€69.8M) exceed its long term liabilities (€6.6M).
Debt to Equity History and Analysis
Debt Level: PMT's net debt to equity ratio (117.3%) is considered high.
Reducing Debt: PMT's debt to equity ratio has increased from 70.8% to 151.1% over the past 5 years.
Debt Coverage: PMT's operating cash flow is negative, therefore debt is not well covered.
Interest Coverage: PMT's interest payments on its debt are well covered by EBIT (4.1x coverage).