Hurtimex Balance Sheet Health
Financial Health criteria checks 4/6
Hurtimex has a total shareholder equity of PLN4.5M and total debt of PLN2.4M, which brings its debt-to-equity ratio to 51.9%. Its total assets and total liabilities are PLN15.3M and PLN10.7M respectively. Hurtimex's EBIT is PLN567.5K making its interest coverage ratio 1.8. It has cash and short-term investments of PLN998.3K.
Key information
51.9%
Debt to equity ratio
zł2.35m
Debt
Interest coverage ratio | 1.8x |
Cash | zł998.27k |
Equity | zł4.54m |
Total liabilities | zł10.75m |
Total assets | zł15.28m |
Recent financial health updates
No updates
Financial Position Analysis
Short Term Liabilities: HRT's short term assets (PLN7.1M) do not cover its short term liabilities (PLN8.5M).
Long Term Liabilities: HRT's short term assets (PLN7.1M) exceed its long term liabilities (PLN2.3M).
Debt to Equity History and Analysis
Debt Level: HRT's net debt to equity ratio (29.9%) is considered satisfactory.
Reducing Debt: HRT's debt to equity ratio has reduced from 150.4% to 51.9% over the past 5 years.
Debt Coverage: HRT's debt is well covered by operating cash flow (45.9%).
Interest Coverage: HRT's interest payments on its debt are not well covered by EBIT (1.8x coverage).