Simteract Balance Sheet Health
Financial Health criteria checks 3/6
Simteract has a total shareholder equity of PLN7.0M and total debt of PLN2.2M, which brings its debt-to-equity ratio to 31.4%. Its total assets and total liabilities are PLN11.2M and PLN4.2M respectively. Simteract's EBIT is PLN522.4K making its interest coverage ratio 2.2. It has cash and short-term investments of PLN31.7K.
Key information
31.4%
Debt to equity ratio
zł2.19m
Debt
| Interest coverage ratio | 2.2x |
| Cash | zł31.71k |
| Equity | zł6.97m |
| Total liabilities | zł4.20m |
| Total assets | zł11.17m |
Recent financial health updates
No updates
Financial Position Analysis
Short Term Liabilities: SMT's short term assets (PLN9.5M) exceed its short term liabilities (PLN4.0M).
Long Term Liabilities: SMT's short term assets (PLN9.5M) exceed its long term liabilities (PLN206.4K).
Debt to Equity History and Analysis
Debt Level: SMT's net debt to equity ratio (31%) is considered satisfactory.
Reducing Debt: Insufficient data to determine if SMT's debt to equity ratio has reduced over the past 5 years.
Debt Coverage: SMT's operating cash flow is negative, therefore debt is not well covered.
Interest Coverage: SMT's interest payments on its debt are not well covered by EBIT (2.2x coverage).