Abak Balance Sheet Health
Financial Health criteria checks 6/6
Abak has a total shareholder equity of PLN4.8M and total debt of PLN1.4M, which brings its debt-to-equity ratio to 28.3%. Its total assets and total liabilities are PLN8.8M and PLN4.0M respectively. Abak's EBIT is PLN1.6M making its interest coverage ratio 11.3. It has cash and short-term investments of PLN2.4M.
Key information
28.3%
Debt to equity ratio
zł1.37m
Debt
Interest coverage ratio | 11.3x |
Cash | zł2.41m |
Equity | zł4.83m |
Total liabilities | zł3.98m |
Total assets | zł8.81m |
Recent financial health updates
No updates
Financial Position Analysis
Short Term Liabilities: ABK's short term assets (PLN4.3M) exceed its short term liabilities (PLN1.8M).
Long Term Liabilities: ABK's short term assets (PLN4.3M) exceed its long term liabilities (PLN2.2M).
Debt to Equity History and Analysis
Debt Level: ABK has more cash than its total debt.
Reducing Debt: ABK's debt to equity ratio has reduced from 46.8% to 28.3% over the past 5 years.
Debt Coverage: ABK's debt is well covered by operating cash flow (117%).
Interest Coverage: ABK's interest payments on its debt are well covered by EBIT (11.3x coverage).