Latvian Forest Company Balance Sheet Health
Financial Health criteria checks 2/6
Latvian Forest Company has a total shareholder equity of €35.0M and total debt of €6.4M, which brings its debt-to-equity ratio to 18.4%. Its total assets and total liabilities are €42.6M and €7.6M respectively. Latvian Forest Company's EBIT is €405.0K making its interest coverage ratio 0.8. It has cash and short-term investments of €1.4M.
Key information
18.4%
Debt to equity ratio
€6.44m
Debt
| Interest coverage ratio | 0.8x |
| Cash | €1.44m |
| Equity | €34.95m |
| Total liabilities | €7.60m |
| Total assets | €42.55m |
Recent financial health updates
No updates
Financial Position Analysis
Short Term Liabilities: LATF B's short term assets (€1.6M) exceed its short term liabilities (€357.7K).
Long Term Liabilities: LATF B's short term assets (€1.6M) do not cover its long term liabilities (€7.2M).
Debt to Equity History and Analysis
Debt Level: LATF B's net debt to equity ratio (14.3%) is considered satisfactory.
Reducing Debt: LATF B's debt to equity ratio has increased from 0% to 18.4% over the past 5 years.
Debt Coverage: LATF B's debt is not well covered by operating cash flow (4.2%).
Interest Coverage: LATF B's interest payments on its debt are not well covered by EBIT (0.8x coverage).