Simteract Balance Sheet Health
Financial Health criteria checks 3/6
Simteract has a total shareholder equity of PLN6.8M and total debt of PLN2.1M, which brings its debt-to-equity ratio to 30.5%. Its total assets and total liabilities are PLN11.1M and PLN4.3M respectively. Simteract's EBIT is PLN597.0K making its interest coverage ratio 1.3. It has cash and short-term investments of PLN37.0K.
Key information
30.5%
Debt to equity ratio
zł2.09m
Debt
| Interest coverage ratio | 1.3x |
| Cash | zł36.97k |
| Equity | zł6.85m |
| Total liabilities | zł4.25m |
| Total assets | zł11.10m |
Recent financial health updates
No updates
Financial Position Analysis
Short Term Liabilities: SMT's short term assets (PLN9.6M) exceed its short term liabilities (PLN4.0M).
Long Term Liabilities: SMT's short term assets (PLN9.6M) exceed its long term liabilities (PLN206.4K).
Debt to Equity History and Analysis
Debt Level: SMT's net debt to equity ratio (30%) 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 (1.3x coverage).