Armax Gaz Balance Sheet Health
Financial Health criteria checks 5/6
Armax Gaz has a total shareholder equity of RON7.5M and total debt of RON0.0, which brings its debt-to-equity ratio to 0%. Its total assets and total liabilities are RON57.0M and RON49.5M respectively. Armax Gaz's EBIT is RON1.3M making its interest coverage ratio -263.1. It has cash and short-term investments of RON559.2K.
Key information
0%
Debt to equity ratio
RON 0
Debt
| Interest coverage ratio | -263.1x |
| Cash | RON 559.17k |
| Equity | RON 7.48m |
| Total liabilities | RON 49.50m |
| Total assets | RON 56.98m |
Recent financial health updates
No updates
Financial Position Analysis
Short Term Liabilities: ARAX's short term assets (RON40.0M) do not cover its short term liabilities (RON48.8M).
Long Term Liabilities: ARAX's short term assets (RON40.0M) exceed its long term liabilities (RON685.5K).
Debt to Equity History and Analysis
Debt Level: ARAX is debt free.
Reducing Debt: ARAX has no debt compared to 5 years ago when its debt to equity ratio was 54%.
Debt Coverage: ARAX has no debt, therefore it does not need to be covered by operating cash flow.
Interest Coverage: ARAX has no debt, therefore coverage of interest payments is not a concern.