Basic-Fit Balance Sheet Health
Financial Health criteria checks 1/6
Basic-Fit has a total shareholder equity of €408.3M and total debt of €978.9M, which brings its debt-to-equity ratio to 239.7%. Its total assets and total liabilities are €3.3B and €2.9B respectively. Basic-Fit's EBIT is €108.2M making its interest coverage ratio 1.1. It has cash and short-term investments of €35.0M.
Key information
239.7%
Debt to equity ratio
€978.88m
Debt
| Interest coverage ratio | 1.1x |
| Cash | €35.04m |
| Equity | €408.29m |
| Total liabilities | €2.92b |
| Total assets | €3.32b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: BFITA's short term assets (€135.6M) do not cover its short term liabilities (€507.3M).
Long Term Liabilities: BFITA's short term assets (€135.6M) do not cover its long term liabilities (€2.4B).
Debt to Equity History and Analysis
Debt Level: BFITA's net debt to equity ratio (231.2%) is considered high.
Reducing Debt: BFITA's debt to equity ratio has increased from 139.8% to 239.7% over the past 5 years.
Debt Coverage: BFITA's debt is well covered by operating cash flow (54.7%).
Interest Coverage: BFITA's interest payments on its debt are not well covered by EBIT (1.1x coverage).