SCHMID Group Balance Sheet Health
Financial Health criteria checks 1/6
SCHMID Group has a total shareholder equity of €-17.8M and total debt of €48.2M, which brings its debt-to-equity ratio to -270.4%. Its total assets and total liabilities are €106.6M and €124.4M respectively. SCHMID Group's EBIT is €8.8M making its interest coverage ratio 1.4. It has cash and short-term investments of €5.7M.
Key information
-270.4%
Debt to equity ratio
€48.24m
Debt
| Interest coverage ratio | 1.4x |
| Cash | €5.71m |
| Equity | -€17.84m |
| Total liabilities | €124.42m |
| Total assets | €106.58m |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: SHMD has negative shareholder equity, which is a more serious situation than short term assets not covering short term liabilities.
Long Term Liabilities: SHMD has negative shareholder equity, which is a more serious situation than short term assets not covering long term liabilities.
Debt to Equity History and Analysis
Debt Level: SHMD has negative shareholder equity, which is a more serious situation than a high debt level.
Reducing Debt: SHMD's has negative shareholder equity, so we do not need to check if its debt has reduced over time.
Debt Coverage: SHMD's debt is well covered by operating cash flow (20.5%).
Interest Coverage: SHMD's interest payments on its debt are not well covered by EBIT (1.4x coverage).