Orzel Spolka Akcyjna Financial Health

Short Term Liabilities: ORL's short term assets (PLN7.0M) exceed its short term liabilities (PLN2.6M).

Long Term Liabilities: ORL's short term assets (PLN7.0M) do not cover its long term liabilities (PLN11.1M).

Debt Level: ORL's net debt to equity ratio (14.5%) is considered satisfactory.

Reducing Debt: ORL had negative shareholder equity 5 years ago, but is now positive and has therefore improved.

Debt Coverage: ORL's debt is well covered by operating cash flow (62.1%).

Interest Coverage: ORL's interest payments on its debt are well covered by EBIT (10.3x coverage).

• Healthy companies in the Materials industry.