Basic-Fit Balance Sheet Health
Financial Health criteria checks 2/6
Basic-Fit has a total shareholder equity of €404.0M and total debt of €881.5M, which brings its debt-to-equity ratio to 218.2%. Its total assets and total liabilities are €3.2B and €2.8B respectively. Basic-Fit's EBIT is €85.1M making its interest coverage ratio 0.9. It has cash and short-term investments of €72.7M.
Key information
218.2%
Debt to equity ratio
€881.46m
Debt
Interest coverage ratio | 0.9x |
Cash | €72.70m |
Equity | €403.98m |
Total liabilities | €2.83b |
Total assets | €3.23b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: B4F's short term assets (€176.9M) do not cover its short term liabilities (€560.7M).
Long Term Liabilities: B4F's short term assets (€176.9M) do not cover its long term liabilities (€2.3B).
Debt to Equity History and Analysis
Debt Level: B4F's net debt to equity ratio (200.2%) is considered high.
Reducing Debt: B4F's debt to equity ratio has increased from 115.2% to 218.2% over the past 5 years.
Balance Sheet
Cash Runway Analysis
For companies that have on average been loss-making in the past, we assess whether they have at least 1 year of cash runway.
Stable Cash Runway: Whilst unprofitable B4F has sufficient cash runway for more than 3 years if it maintains its current positive free cash flow level.
Forecast Cash Runway: B4F is unprofitable but has sufficient cash runway for more than 3 years, due to free cash flow being positive and growing by 33.9% per year.