Balticon Balance Sheet Health
Financial Health criteria checks 4/6
Balticon has a total shareholder equity of PLN58.4M and total debt of PLN21.0M, which brings its debt-to-equity ratio to 35.9%. Its total assets and total liabilities are PLN132.6M and PLN74.2M respectively. Balticon's EBIT is PLN3.7M making its interest coverage ratio 1.4. It has cash and short-term investments of PLN4.5M.
Key information
35.9%
Debt to equity ratio
zł20.95m
Debt
| Interest coverage ratio | 1.4x |
| Cash | zł4.47m |
| Equity | zł58.37m |
| Total liabilities | zł74.19m |
| Total assets | zł132.56m |
Recent financial health updates
Balticon (WSE:BLT) Has A Somewhat Strained Balance Sheet
May 11
Is Balticon (WSE:BLT) Using Too Much Debt?
Feb 08Is Balticon (WSE:BLT) Using Too Much Debt?
Oct 23Recent updates
Balticon S.A. (WSE:BLT) Might Not Be As Mispriced As It Looks
Apr 03Returns At Balticon (WSE:BLT) Are On The Way Up
Oct 12The Returns At Balticon (WSE:BLT) Aren't Growing
Feb 16The Returns At Balticon (WSE:BLT) Aren't Growing
Nov 08Balticon (WSE:BLT) Is Experiencing Growth In Returns On Capital
Jul 07Balticon (WSE:BLT) Has A Somewhat Strained Balance Sheet
May 11The Return Trends At Balticon (WSE:BLT) Look Promising
Mar 30Is Balticon (WSE:BLT) Using Too Much Debt?
Feb 08Balticon (WSE:BLT) Is Doing The Right Things To Multiply Its Share Price
Nov 20Is Balticon (WSE:BLT) Using Too Much Debt?
Oct 23Balticon (WSE:BLT) Might Have The Makings Of A Multi-Bagger
Aug 11Balticon (WSE:BLT) Is Experiencing Growth In Returns On Capital
Apr 17Shareholders Can Be Confident That Balticon's (WSE:BLT) Earnings Are High Quality
Feb 22Calculating The Intrinsic Value Of Balticon S.A. (WSE:BLT)
Feb 15
Do Its Financials Have Any Role To Play In Driving Balticon S.A.'s (WSE:BLT) Stock Up Recently?
Jan 11Financial Position Analysis
Short Term Liabilities: BLT's short term assets (PLN56.6M) exceed its short term liabilities (PLN50.9M).
Long Term Liabilities: BLT's short term assets (PLN56.6M) exceed its long term liabilities (PLN23.3M).
Debt to Equity History and Analysis
Debt Level: BLT's net debt to equity ratio (28.2%) is considered satisfactory.
Reducing Debt: BLT's debt to equity ratio has increased from 19.5% to 35.9% over the past 5 years.
Debt Coverage: BLT's debt is well covered by operating cash flow (70.7%).
Interest Coverage: BLT's interest payments on its debt are not well covered by EBIT (1.4x coverage).