Better Collective Balance Sheet Health
Financial Health criteria checks 3/6
Better Collective has a total shareholder equity of €435.3M and total debt of €363.0M, which brings its debt-to-equity ratio to 83.4%. Its total assets and total liabilities are €937.9M and €502.6M respectively. Better Collective's EBIT is €82.8M making its interest coverage ratio 6.7. It has cash and short-term investments of €50.4M.
Key information
83.4%
Debt to equity ratio
€363.04m
Debt
Interest coverage ratio | 6.7x |
Cash | €50.36m |
Equity | €435.27m |
Total liabilities | €502.59m |
Total assets | €937.86m |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: 9C8's short term assets (€105.8M) exceed its short term liabilities (€103.5M).
Long Term Liabilities: 9C8's short term assets (€105.8M) do not cover its long term liabilities (€399.1M).
Debt to Equity History and Analysis
Debt Level: 9C8's net debt to equity ratio (71.8%) is considered high.
Reducing Debt: 9C8's debt to equity ratio has increased from 44.5% to 83.4% over the past 5 years.
Debt Coverage: 9C8's debt is well covered by operating cash flow (24.5%).
Interest Coverage: 9C8's interest payments on its debt are well covered by EBIT (6.7x coverage).