Wiit Balance Sheet Health
Financial Health criteria checks 1/6
Wiit has a total shareholder equity of €36.3M and total debt of €217.4M, which brings its debt-to-equity ratio to 599.3%. Its total assets and total liabilities are €320.7M and €284.4M respectively. Wiit's EBIT is €20.7M making its interest coverage ratio 2.7. It has cash and short-term investments of €25.9M.
Key information
599.3%
Debt to equity ratio
€217.44m
Debt
Interest coverage ratio | 2.7x |
Cash | €25.85m |
Equity | €36.28m |
Total liabilities | €284.43m |
Total assets | €320.71m |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: 9PC's short term assets (€66.8M) exceed its short term liabilities (€63.6M).
Long Term Liabilities: 9PC's short term assets (€66.8M) do not cover its long term liabilities (€220.8M).
Debt to Equity History and Analysis
Debt Level: 9PC's net debt to equity ratio (528.1%) is considered high.
Reducing Debt: 9PC's debt to equity ratio has increased from 92.7% to 599.3% over the past 5 years.
Debt Coverage: 9PC's debt is not well covered by operating cash flow (17%).
Interest Coverage: 9PC's interest payments on its debt are not well covered by EBIT (2.7x coverage).