Raen Balance Sheet Health
Financial Health criteria checks 4/6
Raen has a total shareholder equity of PLN6.0M and total debt of PLN1.8M, which brings its debt-to-equity ratio to 29.1%. Its total assets and total liabilities are PLN13.1M and PLN7.1M respectively. Raen's EBIT is PLN1.7M making its interest coverage ratio 1.2. It has cash and short-term investments of PLN17.0K.
Key information
29.1%
Debt to equity ratio
zł1.76m
Debt
Interest coverage ratio | 1.2x |
Cash | zł17.00k |
Equity | zł6.04m |
Total liabilities | zł7.08m |
Total assets | zł13.12m |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: RAE's short term assets (PLN8.2M) exceed its short term liabilities (PLN5.8M).
Long Term Liabilities: RAE's short term assets (PLN8.2M) exceed its long term liabilities (PLN1.2M).
Debt to Equity History and Analysis
Debt Level: RAE's net debt to equity ratio (28.8%) is considered satisfactory.
Reducing Debt: RAE's debt to equity ratio has reduced from 83.6% to 29.1% over the past 5 years.
Debt Coverage: RAE's operating cash flow is negative, therefore debt is not well covered.
Interest Coverage: RAE's interest payments on its debt are not well covered by EBIT (1.2x coverage).