Wiit Balance Sheet Health
Financial Health criteria checks 0/6
Wiit has a total shareholder equity of €35.3M and total debt of €227.2M, which brings its debt-to-equity ratio to 644.2%. Its total assets and total liabilities are €330.3M and €295.1M respectively. Wiit's EBIT is €24.1M making its interest coverage ratio 2.9. It has cash and short-term investments of €22.5M.
Key information
644.2%
Debt to equity ratio
€227.18m
Debt
| Interest coverage ratio | 2.9x |
| Cash | €22.47m |
| Equity | €35.27m |
| Total liabilities | €295.07m |
| Total assets | €330.34m |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: 9PC's short term assets (€68.8M) do not cover its short term liabilities (€74.9M).
Long Term Liabilities: 9PC's short term assets (€68.8M) do not cover its long term liabilities (€220.2M).
Debt to Equity History and Analysis
Debt Level: 9PC's net debt to equity ratio (580.4%) is considered high.
Reducing Debt: 9PC's debt to equity ratio has increased from 121.3% to 644.2% over the past 5 years.
Debt Coverage: 9PC's debt is not well covered by operating cash flow (13.6%).
Interest Coverage: 9PC's interest payments on its debt are not well covered by EBIT (2.9x coverage).