BasicNet Balance Sheet Health
Financial Health criteria checks 4/6
BasicNet has a total shareholder equity of €164.8M and total debt of €124.8M, which brings its debt-to-equity ratio to 75.7%. Its total assets and total liabilities are €460.8M and €296.0M respectively. BasicNet's EBIT is €30.3M making its interest coverage ratio 7. It has cash and short-term investments of €32.0M.
Key information
75.7%
Debt to equity ratio
€124.76m
Debt
Interest coverage ratio | 7x |
Cash | €31.96m |
Equity | €164.79m |
Total liabilities | €295.97m |
Total assets | €460.75m |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: BCJ's short term assets (€247.6M) exceed its short term liabilities (€193.7M).
Long Term Liabilities: BCJ's short term assets (€247.6M) exceed its long term liabilities (€102.3M).
Debt to Equity History and Analysis
Debt Level: BCJ's net debt to equity ratio (56.3%) is considered high.
Reducing Debt: BCJ's debt to equity ratio has increased from 53.9% to 75.7% over the past 5 years.
Debt Coverage: BCJ's debt is well covered by operating cash flow (31.7%).
Interest Coverage: BCJ's interest payments on its debt are well covered by EBIT (7x coverage).