Larq Balance Sheet Health
Financial Health criteria checks 2/6
Larq has a total shareholder equity of PLN51.8M and total debt of PLN5.5M, which brings its debt-to-equity ratio to 10.7%. Its total assets and total liabilities are PLN61.9M and PLN10.1M respectively.
Key information
10.7%
Debt to equity ratio
zł5.54m
Debt
| Interest coverage ratio | n/a |
| Cash | zł312.17k |
| Equity | zł51.78m |
| Total liabilities | zł10.09m |
| Total assets | zł61.87m |
Financial Position Analysis
Short Term Liabilities: LRQ's short term assets (PLN1.3M) do not cover its short term liabilities (PLN10.1M).
Long Term Liabilities: LRQ has no long term liabilities.
Debt to Equity History and Analysis
Debt Level: LRQ's net debt to equity ratio (10.1%) is considered satisfactory.
Reducing Debt: LRQ's debt to equity ratio has increased from 2.7% to 10.7% over the past 5 years.
Debt Coverage: LRQ's operating cash flow is negative, therefore debt is not well covered.
Interest Coverage: Insufficient data to determine if LRQ's interest payments on its debt are well covered by EBIT.