Draw Distance Balance Sheet Health
Financial Health criteria checks 1/6
Draw Distance has a total shareholder equity of PLN3.3M and total debt of PLN2.5M, which brings its debt-to-equity ratio to 76.3%. Its total assets and total liabilities are PLN12.0M and PLN8.8M respectively. Draw Distance's EBIT is PLN365.2K making its interest coverage ratio 2.4. It has cash and short-term investments of PLN58.1K.
Key information
76.3%
Debt to equity ratio
zł2.50m
Debt
| Interest coverage ratio | 2.4x |
| Cash | zł58.07k |
| Equity | zł3.28m |
| Total liabilities | zł8.76m |
| Total assets | zł12.04m |
Recent financial health updates
No updates
Financial Position Analysis
Short Term Liabilities: DDI's short term assets (PLN5.3M) do not cover its short term liabilities (PLN7.5M).
Long Term Liabilities: DDI's short term assets (PLN5.3M) exceed its long term liabilities (PLN1.3M).
Debt to Equity History and Analysis
Debt Level: DDI's net debt to equity ratio (74.5%) is considered high.
Reducing Debt: DDI's debt to equity ratio has increased from 0% to 76.3% over the past 5 years.
Debt Coverage: DDI's operating cash flow is negative, therefore debt is not well covered.
Interest Coverage: DDI's interest payments on its debt are not well covered by EBIT (2.4x coverage).