Baltic Horizon Fund Balance Sheet Health
Financial Health criteria checks 0/6
Baltic Horizon Fund has a total shareholder equity of €135.7M and total debt of €198.3M, which brings its debt-to-equity ratio to 146.1%. Its total assets and total liabilities are €349.2M and €213.5M respectively. Baltic Horizon Fund's EBIT is €14.3M making its interest coverage ratio 2.4. It has cash and short-term investments of €5.2M.
Key information
146.1%
Debt to equity ratio
€198.29m
Debt
Interest coverage ratio | 2.4x |
Cash | €5.16m |
Equity | €135.72m |
Total liabilities | €213.46m |
Total assets | €349.18m |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: NHCBHFFS's short term assets (€8.4M) do not cover its short term liabilities (€122.1M).
Long Term Liabilities: NHCBHFFS's short term assets (€8.4M) do not cover its long term liabilities (€91.3M).
Debt to Equity History and Analysis
Debt Level: NHCBHFFS's net debt to equity ratio (142.3%) is considered high.
Reducing Debt: NHCBHFFS's debt to equity ratio has increased from 83.9% to 146.1% over the past 5 years.
Debt Coverage: NHCBHFFS's debt is not well covered by operating cash flow (7.9%).
Interest Coverage: NHCBHFFS's interest payments on its debt are not well covered by EBIT (2.4x coverage).