EURL TERRASSEMENT FABRE PHILIPPE : revenue, balance sheet and financial ratios

In 2024, EURL TERRASSEMENT FABRE PHILIPPE achieves revenue of 118 k€. Over the period 2014-2024, the company shows strong growth with a CAGR (compound annual growth rate) of +5.5%. Significant drop of -20% vs 2020. After deducting consumption (2 k€), gross margin stands at 116 k€, i.e. a rate of 99%. This ratio measures the ability to generate value from commercial activity. EBITDA (= Gross margin - Personnel expenses - Taxes) reaches -3 k€, representing -2.3% of revenue. Warning negative scissor effect: despite revenue change (-20%), EBITDA varies by -106%, reducing margin by 35.2 pts. This reflects costs rising faster than revenue. Negative EBITDA means operations do not cover current expenses: concerning situation. Net income is negative at -5 k€ (-4.0% of revenue), which will impact equity.

The debt ratio (= Financial debt / Equity x 100) stands at 15%. 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 13%. Low autonomy: the company heavily depends on external financing (banks, suppliers). Debt repayment capacity (= Financial debt / Cash flow) indicates it would take 0.8 years of cash flow to repay all financial debt. This short period demonstrates excellent debt sustainability. Cash flow represents 13.2% of revenue. Cash flow measures resources generated by operations, available for investment and debt repayment. This high level provides strong self-financing capacity.

The liquidity ratio (= Current assets / Current liabilities) stands at 1321.05. Concretely, the company has €2 of liquid assets for every €1 of short-term debt: no cash risk within 12 months.

Working capital requirement (WCR) measures the cash timing gap between customer collections and supplier/inventory payments. Average customer payment term: 134 days (formula: Customer receivables / Revenue incl. VAT x 360). Supplier term: 3 days. The gap of 131 days means the company finances its customers for over a month before being paid relative to supplier payments. This weighs on cash flow. Inventory turnover is 123 days (= Average inventory / Cost of goods x 360). This high level ties up cash and potentially creates obsolescence risk. Overall, WCR represents 292 days of revenue, i.e. 96 k€ to permanently finance. Over 2014-2024, WCR increased by +2145%, requiring additional financing.