Planetel Balance Sheet Health
Financial Health criteria checks 3/6
Planetel has a total shareholder equity of €22.7M and total debt of €19.1M, which brings its debt-to-equity ratio to 84%. Its total assets and total liabilities are €59.9M and €37.2M respectively. Planetel's EBIT is €1.9M making its interest coverage ratio 2.2. It has cash and short-term investments of €5.8M.
Key information
84.0%
Debt to equity ratio
€19.09m
Debt
Interest coverage ratio | 2.2x |
Cash | €5.81m |
Equity | €22.72m |
Total liabilities | €37.17m |
Total assets | €59.89m |
Financial Position Analysis
Short Term Liabilities: PLN's short term assets (€19.9M) exceed its short term liabilities (€14.9M).
Long Term Liabilities: PLN's short term assets (€19.9M) do not cover its long term liabilities (€22.3M).
Debt to Equity History and Analysis
Debt Level: PLN's net debt to equity ratio (58.4%) is considered high.
Reducing Debt: PLN's debt to equity ratio has reduced from 129.6% to 84% over the past 5 years.
Debt Coverage: PLN's debt is well covered by operating cash flow (35.1%).
Interest Coverage: PLN's interest payments on its debt are not well covered by EBIT (2.2x coverage).