Bytes Technology Group Balance Sheet Health
Financial Health criteria checks 6/6
Bytes Technology Group has a total shareholder equity of £78.3M and total debt of £0.0, which brings its debt-to-equity ratio to 0%. Its total assets and total liabilities are £379.7M and £301.4M respectively. Bytes Technology Group's EBIT is £56.7M making its interest coverage ratio -12. It has cash and short-term investments of £88.8M.
Key information
0%
Debt to equity ratio
UK£0
Debt
Interest coverage ratio | -12x |
Cash | UK£88.84m |
Equity | UK£78.34m |
Total liabilities | UK£301.38m |
Total assets | UK£379.72m |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: BYITL's short term assets (£322.5M) exceed its short term liabilities (£297.9M).
Long Term Liabilities: BYITL's short term assets (£322.5M) exceed its long term liabilities (£3.5M).
Debt to Equity History and Analysis
Debt Level: BYITL is debt free.
Reducing Debt: BYITL has not had any debt for past 5 years.
Debt Coverage: BYITL has no debt, therefore it does not need to be covered by operating cash flow.
Interest Coverage: BYITL has no debt, therefore coverage of interest payments is not a concern.