City Service Balance Sheet Health
Financial Health criteria checks 4/6
City Service has a total shareholder equity of €24.2M and total debt of €20.4M, which brings its debt-to-equity ratio to 84.4%. Its total assets and total liabilities are €82.6M and €58.4M respectively. City Service's EBIT is €6.9M making its interest coverage ratio 6.2. It has cash and short-term investments of €9.2M.
Key information
84.4%
Debt to equity ratio
€20.42m
Debt
Interest coverage ratio | 6.2x |
Cash | €9.18m |
Equity | €24.19m |
Total liabilities | €58.45m |
Total assets | €82.64m |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: CTS1L's short term assets (€44.2M) exceed its short term liabilities (€40.7M).
Long Term Liabilities: CTS1L's short term assets (€44.2M) exceed its long term liabilities (€17.8M).
Debt to Equity History and Analysis
Debt Level: CTS1L's net debt to equity ratio (46.5%) is considered high.
Reducing Debt: CTS1L's debt to equity ratio has increased from 62% to 84.4% over the past 5 years.
Debt Coverage: CTS1L's debt is well covered by operating cash flow (29.9%).
Interest Coverage: CTS1L's interest payments on its debt are well covered by EBIT (6.2x coverage).