Baltic Horizon Fund Balance Sheet Health
Financial Health criteria checks 0/6
Baltic Horizon Fund has a total shareholder equity of €108.7M and total debt of €151.6M, which brings its debt-to-equity ratio to 139.5%. Its total assets and total liabilities are €268.3M and €159.6M respectively. Baltic Horizon Fund's EBIT is €10.8M making its interest coverage ratio 1.1. It has cash and short-term investments of €12.8M.
Key information
139.5%
Debt to equity ratio
€151.62m
Debt
Interest coverage ratio | 1.1x |
Cash | €12.83m |
Equity | €108.72m |
Total liabilities | €159.56m |
Total assets | €268.27m |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: NHCBHFFSDB's short term assets (€16.1M) do not cover its short term liabilities (€65.8M).
Long Term Liabilities: NHCBHFFSDB's short term assets (€16.1M) do not cover its long term liabilities (€93.8M).
Debt to Equity History and Analysis
Debt Level: NHCBHFFSDB's net debt to equity ratio (127.7%) is considered high.
Reducing Debt: NHCBHFFSDB's debt to equity ratio has increased from 137.9% to 139.5% over the past 5 years.
Debt Coverage: NHCBHFFSDB's debt is not well covered by operating cash flow (6.4%).
Interest Coverage: NHCBHFFSDB's interest payments on its debt are not well covered by EBIT (1.1x coverage).