Brand 24 Balance Sheet Health
Financial Health criteria checks 5/6
Brand 24 has a total shareholder equity of PLN10.7M and total debt of PLN333.2K, which brings its debt-to-equity ratio to 3.1%. Its total assets and total liabilities are PLN24.5M and PLN13.8M respectively. Brand 24's EBIT is PLN4.4M making its interest coverage ratio 23.6. It has cash and short-term investments of PLN6.7M.
Key information
3.1%
Debt to equity ratio
zł333.22k
Debt
Interest coverage ratio | 23.6x |
Cash | zł6.70m |
Equity | zł10.68m |
Total liabilities | zł13.84m |
Total assets | zł24.51m |
Recent financial health updates
No updates
Financial Position Analysis
Short Term Liabilities: B24's short term assets (PLN8.8M) exceed its short term liabilities (PLN6.8M).
Long Term Liabilities: B24's short term assets (PLN8.8M) exceed its long term liabilities (PLN7.0M).
Debt to Equity History and Analysis
Debt Level: B24 has more cash than its total debt.
Reducing Debt: B24's debt to equity ratio has increased from 0.5% to 3.1% over the past 5 years.
Debt Coverage: B24's debt is well covered by operating cash flow (2173%).
Interest Coverage: B24's interest payments on its debt are well covered by EBIT (23.6x coverage).