ERIC LEBRUN TERRASSEMENT : revenue, balance sheet and financial ratios

In 2024, ERIC LEBRUN TERRASSEMENT achieves revenue of 290 k€. Activity remains stable over the period (CAGR: -3.0%). Significant drop of -17% vs 2023. After deducting consumption (0 €), gross margin stands at 290 k€, i.e. a rate of 100%. This ratio measures the ability to generate value from commercial activity. EBITDA (= Gross margin - Personnel expenses - Taxes) reaches 16 k€, representing 5.5% of revenue. Warning negative scissor effect: despite revenue change (-17%), EBITDA varies by -79%, reducing margin by 16.1 pts. This reflects costs rising faster than revenue. The operating margin remains fragile, requiring cost vigilance. Net income is negative at -8 k€ (-2.8% of revenue), which will impact equity.

The debt ratio (= Financial debt / Equity x 100) stands at 20%. This very low level reflects a solid financial structure, offering significant room for future investments or acquisitions. Financial autonomy (= Equity / Total assets x 100) reaches 55%. This high autonomy means the company finances most of its assets through equity, a sign of strength.

The liquidity ratio (= Current assets / Current liabilities) stands at 212.61. Concretely, the company has €2 of liquid assets for every €1 of short-term debt: no cash risk within 12 months. The interest coverage ratio (= EBIT / Interest expenses) is 2.2x. Financial charges are adequately covered by operations.

Working capital requirement (WCR) measures the cash timing gap between customer collections and supplier/inventory payments. Average customer payment term: 209 days (formula: Customer receivables / Revenue incl. VAT x 360). Supplier term: 53 days. The gap of 156 days means the company finances its customers for over a month before being paid relative to supplier payments. This weighs on cash flow. Overall, WCR represents 199 days of revenue, i.e. 160 k€ to permanently finance. Over 2016-2024, WCR increased by +591%, requiring additional financing.