Eastnine Balance Sheet Health
Financial Health criteria checks 2/6
Eastnine has a total shareholder equity of €397.0M and total debt of €319.6M, which brings its debt-to-equity ratio to 80.5%. Its total assets and total liabilities are €756.5M and €359.5M respectively. Eastnine's EBIT is €31.0M making its interest coverage ratio 3.1. It has cash and short-term investments of €90.5M.
Key information
80.5%
Debt to equity ratio
€319.60m
Debt
| Interest coverage ratio | 3.1x |
| Cash | €90.45m |
| Equity | €396.97m |
| Total liabilities | €359.53m |
| Total assets | €756.50m |
Recent financial health updates
No updates
Recent updates
There May Be Underlying Issues With The Quality Of Eastnine's (STO:EAST) Earnings
Nov 02
Eastnine (STO:EAST) Has Announced A Dividend Of €1.16
May 14Eastnine (STO:EAST) Has Announced A Dividend Of €0.85
Dec 13Eastnine (STO:EAST) Is Increasing Its Dividend To €0.85
Nov 15Eastnine's (STO:EAST) Shareholders Will Receive A Bigger Dividend Than Last Year
Oct 31Eastnine (STO:EAST) Has Announced That It Will Be Increasing Its Dividend To €0.85
Sep 30Eastnine (STO:EAST) Is Paying Out A Larger Dividend Than Last Year
Aug 23Eastnine (STO:EAST) Is Paying Out A Larger Dividend Than Last Year
Aug 09Eastnine (STO:EAST) Is Increasing Its Dividend To €0.85
Jul 24Eastnine's (STO:EAST) Shareholders Will Receive A Bigger Dividend Than Last Year
Jul 08Financial Position Analysis
Short Term Liabilities: EAST's short term assets (€97.7M) exceed its short term liabilities (€41.1M).
Long Term Liabilities: EAST's short term assets (€97.7M) do not cover its long term liabilities (€318.5M).
Debt to Equity History and Analysis
Debt Level: EAST's net debt to equity ratio (57.7%) is considered high.
Reducing Debt: EAST's debt to equity ratio has increased from 35.3% to 80.5% over the past 5 years.
Debt Coverage: EAST's debt is not well covered by operating cash flow (6.4%).
Interest Coverage: EAST's interest payments on its debt are well covered by EBIT (3.1x coverage).