Raketech Group Holding Balance Sheet Health
Financial Health criteria checks 4/6
Raketech Group Holding has a total shareholder equity of €99.3M and total debt of €9.8M, which brings its debt-to-equity ratio to 9.9%. Its total assets and total liabilities are €166.0M and €66.7M respectively. Raketech Group Holding's EBIT is €11.7M making its interest coverage ratio 8.1. It has cash and short-term investments of €13.5M.
Key information
9.9%
Debt to equity ratio
€9.83m
Debt
| Interest coverage ratio | 8.1x |
| Cash | €13.46m |
| Equity | €99.30m |
| Total liabilities | €66.70m |
| Total assets | €166.00m |
Recent financial health updates
We Think Raketech Group Holding (STO:RAKE) Can Stay On Top Of Its Debt
Jan 23
Does 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
Market 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 (€25.3M) do not cover its short term liabilities (€35.2M).
Long Term Liabilities: RAKE's short term assets (€25.3M) do not cover its long term liabilities (€31.5M).
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 13.4% to 9.9% over the past 5 years.
Debt Coverage: RAKE's debt is well covered by operating cash flow (213.8%).
Interest Coverage: RAKE's interest payments on its debt are well covered by EBIT (8.1x coverage).