Raketech Group Holding Balance Sheet Health
Financial Health criteria checks 4/6
Raketech Group Holding has a total shareholder equity of €91.3M and total debt of €2.5M, which brings its debt-to-equity ratio to 2.7%. Its total assets and total liabilities are €133.5M and €42.2M respectively. Raketech Group Holding's EBIT is €6.3M making its interest coverage ratio 5.6. It has cash and short-term investments of €5.5M.
Key information
2.7%
Debt to equity ratio
€2.47m
Debt
| Interest coverage ratio | 5.6x |
| Cash | €5.52m |
| Equity | €91.35m |
| Total liabilities | €42.20m |
| Total assets | €133.54m |
Recent financial health updates
Here's Why Raketech Group Holding (STO:RAKE) Has A Meaningful Debt Burden
Jul 01
We Think Raketech Group Holding (STO:RAKE) Can Stay On Top Of Its Debt
Jan 23Does Raketech Group Holding (STO:RAKE) Have A Healthy Balance Sheet?
Jul 16Raketech Group Holding (STO:RAKE) Has A Pretty Healthy Balance Sheet
Mar 23Recent updates
The Raketech Group Holding PLC (STO:RAKE) Analysts Have Been Trimming Their Sales Forecasts
Nov 19Investors Holding Back On Raketech Group Holding PLC (STO:RAKE)
Aug 15Here's Why Raketech Group Holding (STO:RAKE) Has A Meaningful Debt Burden
Jul 01Market Cool On Raketech Group Holding PLC's (STO:RAKE) Earnings Pushing Shares 29% Lower
May 03Is There An Opportunity With Raketech Group Holding PLC's (STO:RAKE) 45% Undervaluation?
Apr 04We Think Raketech Group Holding (STO:RAKE) Can Stay On Top Of Its Debt
Jan 23Calculating The Intrinsic Value Of Raketech Group Holding PLC (STO:RAKE)
Dec 28Does Raketech Group Holding (STO:RAKE) Have A Healthy Balance Sheet?
Jul 16What Is Raketech Group Holding PLC's (STO:RAKE) Share Price Doing?
Apr 29There Are Reasons To Feel Uneasy About Raketech Group Holding's (STO:RAKE) Returns On Capital
May 05Is It Too Late To Consider Buying Raketech Group Holding PLC (STO:RAKE)?
Apr 07Raketech Group Holding (STO:RAKE) Has A Pretty Healthy Balance Sheet
Mar 23Is Raketech Group Holding PLC's (STO:RAKE) Recent Stock Performance Influenced By Its Fundamentals In Any Way?
Mar 08Financial Position Analysis
Short Term Liabilities: RAKE's short term assets (€13.1M) do not cover its short term liabilities (€19.0M).
Long Term Liabilities: RAKE's short term assets (€13.1M) do not cover its long term liabilities (€23.2M).
Debt to Equity History and Analysis
Debt Level: RAKE has more cash than its total debt.
Reducing Debt: RAKE's debt to equity ratio has reduced from 5.1% to 2.7% over the past 5 years.
Debt Coverage: RAKE's debt is well covered by operating cash flow (814.3%).
Interest Coverage: RAKE's interest payments on its debt are well covered by EBIT (5.6x coverage).