Neurosoft Software Production Balance Sheet Health
Financial Health criteria checks 5/6
Neurosoft Software Production has a total shareholder equity of €6.6M and total debt of €206.1K, which brings its debt-to-equity ratio to 3.1%. Its total assets and total liabilities are €20.2M and €13.6M respectively. Neurosoft Software Production's EBIT is €1.8M making its interest coverage ratio 37.7. It has cash and short-term investments of €768.2K.
Key information
3.1%
Debt to equity ratio
€206.15k
Debt
Interest coverage ratio | 37.7x |
Cash | €768.16k |
Equity | €6.64m |
Total liabilities | €13.58m |
Total assets | €20.22m |
Financial Position Analysis
Short Term Liabilities: NRST's short term assets (€17.0M) exceed its short term liabilities (€11.6M).
Long Term Liabilities: NRST's short term assets (€17.0M) exceed its long term liabilities (€2.0M).
Debt to Equity History and Analysis
Debt Level: NRST has more cash than its total debt.
Reducing Debt: NRST's debt to equity ratio has reduced from 10.2% to 3.1% over the past 5 years.
Debt Coverage: NRST's operating cash flow is negative, therefore debt is not well covered.
Interest Coverage: NRST's interest payments on its debt are well covered by EBIT (37.7x coverage).