Biomass Energy Project Balance Sheet Health
Financial Health criteria checks 5/6
Biomass Energy Project has a total shareholder equity of PLN29.2M and total debt of PLN405.2K, which brings its debt-to-equity ratio to 1.4%. Its total assets and total liabilities are PLN41.2M and PLN12.1M respectively. Biomass Energy Project's EBIT is PLN853.5K making its interest coverage ratio 40.1. It has cash and short-term investments of PLN22.7K.
Key information
1.4%
Debt to equity ratio
zł405.22k
Debt
| Interest coverage ratio | 40.1x |
| Cash | zł22.75k |
| Equity | zł29.17m |
| Total liabilities | zł12.07m |
| Total assets | zł41.23m |
Recent financial health updates
No updates
Financial Position Analysis
Short Term Liabilities: BEP's short term assets (PLN26.5M) exceed its short term liabilities (PLN7.5M).
Long Term Liabilities: BEP's short term assets (PLN26.5M) exceed its long term liabilities (PLN4.6M).
Debt to Equity History and Analysis
Debt Level: BEP's net debt to equity ratio (1.3%) is considered satisfactory.
Reducing Debt: BEP's debt to equity ratio has reduced from 2.7% to 1.4% over the past 5 years.
Debt Coverage: BEP's operating cash flow is negative, therefore debt is not well covered.
Interest Coverage: BEP's interest payments on its debt are well covered by EBIT (40.1x coverage).