Convergenze. Società Benefit Balance Sheet Health
Financial Health criteria checks 0/6
Convergenze. Società Benefit has a total shareholder equity of €5.2M and total debt of €7.1M, which brings its debt-to-equity ratio to 136.6%. Its total assets and total liabilities are €19.0M and €13.8M respectively. Convergenze. Società Benefit's EBIT is €92.6K making its interest coverage ratio 0.4. It has cash and short-term investments of €606.9K.
Key information
136.6%
Debt to equity ratio
€7.11m
Debt
Interest coverage ratio | 0.4x |
Cash | €606.95k |
Equity | €5.21m |
Total liabilities | €13.77m |
Total assets | €18.97m |
Recent financial health updates
No updates
Recent updates
Convergenze S.p.A. Società Benefit's (BIT:CVG) Intrinsic Value Is Potentially 35% Above Its Share Price
Jan 24Convergenze S.p.A. Società Benefit's (BIT:CVG) Price Is Right But Growth Is Lacking After Shares Rocket 28%
Dec 18Convergenze. Società Benefit (BIT:CVG) Will Be Hoping To Turn Its Returns On Capital Around
Oct 26There Is A Reason Convergenze S.p.A. Società Benefit's (BIT:CVG) Price Is Undemanding
Sep 21Convergenze. Società Benefit (BIT:CVG) Is Reinvesting At Lower Rates Of Return
Mar 08Financial Position Analysis
Short Term Liabilities: CVG's short term assets (€4.5M) do not cover its short term liabilities (€5.8M).
Long Term Liabilities: CVG's short term assets (€4.5M) do not cover its long term liabilities (€8.0M).
Debt to Equity History and Analysis
Debt Level: CVG's net debt to equity ratio (124.9%) is considered high.
Reducing Debt: CVG's debt to equity ratio has increased from 112.2% to 136.6% over the past 5 years.
Debt Coverage: CVG's debt is not well covered by operating cash flow (13.6%).
Interest Coverage: CVG's interest payments on its debt are not well covered by EBIT (0.4x coverage).