RoodMicrotec Balance Sheet Health
Financial Health criteria checks 4/6
RoodMicrotec has a total shareholder equity of €6.6M and total debt of €3.7M, which brings its debt-to-equity ratio to 55.5%. Its total assets and total liabilities are €16.9M and €10.3M respectively. RoodMicrotec's EBIT is €3.3M making its interest coverage ratio 18.2. It has cash and short-term investments of €3.7M.
Key information
55.5%
Debt to equity ratio
€3.65m
Debt
| Interest coverage ratio | 18.2x |
| Cash | €3.75m |
| Equity | €6.58m |
| Total liabilities | €10.30m |
| Total assets | €16.88m |
Financial Position Analysis
Short Term Liabilities: ROOD's short term assets (€6.2M) do not cover its short term liabilities (€6.2M).
Long Term Liabilities: ROOD's short term assets (€6.2M) exceed its long term liabilities (€4.1M).
Debt to Equity History and Analysis
Debt Level: ROOD has more cash than its total debt.
Reducing Debt: ROOD's debt to equity ratio has increased from 41.6% to 55.5% over the past 5 years.
Debt Coverage: ROOD's debt is well covered by operating cash flow (139.1%).
Interest Coverage: ROOD's interest payments on its debt are well covered by EBIT (18.2x coverage).