11 bit studios Balance Sheet Health
Financial Health criteria checks 6/6
11 bit studios has a total shareholder equity of PLN277.5M and total debt of PLN5.4M, which brings its debt-to-equity ratio to 1.9%. Its total assets and total liabilities are PLN319.6M and PLN42.1M respectively. 11 bit studios's EBIT is PLN62.3M making its interest coverage ratio -383.2. It has cash and short-term investments of PLN36.0M.
Key information
1.9%
Debt to equity ratio
zł5.36m
Debt
| Interest coverage ratio | -383.2x |
| Cash | zł35.95m |
| Equity | zł277.50m |
| Total liabilities | zł42.06m |
| Total assets | zł319.56m |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: 11C's short term assets (PLN87.0M) exceed its short term liabilities (PLN31.5M).
Long Term Liabilities: 11C's short term assets (PLN87.0M) exceed its long term liabilities (PLN10.6M).
Debt to Equity History and Analysis
Debt Level: 11C has more cash than its total debt.
Reducing Debt: 11C's debt to equity ratio has reduced from 11.4% to 1.9% over the past 5 years.
Debt Coverage: 11C's debt is well covered by operating cash flow (472%).
Interest Coverage: 11C earns more interest than it pays, so coverage of interest payments is not a concern.