Binect Balance Sheet Health
Financial Health criteria checks 6/6
Binect has a total shareholder equity of €8.9M and total debt of €0.0, which brings its debt-to-equity ratio to 0%. Its total assets and total liabilities are €12.2M and €3.3M respectively. Binect's EBIT is €369.2K making its interest coverage ratio 16.4. It has cash and short-term investments of €2.3M.
Key information
0%
Debt to equity ratio
€0
Debt
Interest coverage ratio | 16.4x |
Cash | €2.33m |
Equity | €8.93m |
Total liabilities | €3.30m |
Total assets | €12.22m |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: MA10's short term assets (€5.1M) exceed its short term liabilities (€2.3M).
Long Term Liabilities: MA10's short term assets (€5.1M) exceed its long term liabilities (€956.9K).
Debt to Equity History and Analysis
Debt Level: MA10 is debt free.
Reducing Debt: MA10 had no debt 5 years ago.
Debt Coverage: MA10 has no debt, therefore it does not need to be covered by operating cash flow.
Interest Coverage: MA10 has no debt, therefore coverage of interest payments is not a concern.