Raketech Group Holding Balance Sheet Health
Financial Health criteria checks 3/6
Raketech Group Holding has a total shareholder equity of €90.2M and total debt of €9.9M, which brings its debt-to-equity ratio to 11%. Its total assets and total liabilities are €143.8M and €53.5M respectively. Raketech Group Holding's EBIT is €9.0M making its interest coverage ratio 6.7. It has cash and short-term investments of €9.8M.
Key information
11.0%
Debt to equity ratio
€9.94m
Debt
| Interest coverage ratio | 6.7x |
| Cash | €9.83m |
| Equity | €90.24m |
| Total liabilities | €53.53m |
| Total assets | €143.78m |
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
Investors 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 08Johan Per Svensson Is The Founder of Raketech Group Holding PLC (STO:RAKE) And Just Spent €157k On Shares
Feb 19If You Had Bought Raketech Group Holding (STO:RAKE) Stock A Year Ago, You Could Pocket A 49% Gain Today
Feb 06Financial Position Analysis
Short Term Liabilities: RAKE's short term assets (€21.3M) do not cover its short term liabilities (€30.9M).
Long Term Liabilities: RAKE's short term assets (€21.3M) do not cover its long term liabilities (€22.6M).
Debt to Equity History and Analysis
Debt Level: RAKE's net debt to equity ratio (0.1%) is considered satisfactory.
Reducing Debt: RAKE's debt to equity ratio has increased from 4.4% to 11% over the past 5 years.
Debt Coverage: RAKE's debt is well covered by operating cash flow (198.1%).
Interest Coverage: RAKE's interest payments on its debt are well covered by EBIT (6.7x coverage).