Biesse Balance Sheet Health
Financial Health criteria checks 6/6
Biesse has a total shareholder equity of €261.4M and total debt of €2.6M, which brings its debt-to-equity ratio to 1%. Its total assets and total liabilities are €649.8M and €388.4M respectively. Biesse's EBIT is €35.4M making its interest coverage ratio -67.2. It has cash and short-term investments of €104.9M.
Key information
1.0%
Debt to equity ratio
€2.62m
Debt
Interest coverage ratio | -67.2x |
Cash | €104.87m |
Equity | €261.45m |
Total liabilities | €388.36m |
Total assets | €649.81m |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: BI2's short term assets (€420.5M) exceed its short term liabilities (€351.6M).
Long Term Liabilities: BI2's short term assets (€420.5M) exceed its long term liabilities (€36.8M).
Debt to Equity History and Analysis
Debt Level: BI2 has more cash than its total debt.
Reducing Debt: BI2's debt to equity ratio has reduced from 25.5% to 1% over the past 5 years.
Debt Coverage: BI2's debt is well covered by operating cash flow (615.7%).
Interest Coverage: BI2 earns more interest than it pays, so coverage of interest payments is not a concern.