Better Collective Balance Sheet Health
Financial Health criteria checks 2/6
Better Collective has a total shareholder equity of €680.9M and total debt of €328.4M, which brings its debt-to-equity ratio to 48.2%. Its total assets and total liabilities are €1.2B and €493.7M respectively. Better Collective's EBIT is €70.5M making its interest coverage ratio 4.7. It has cash and short-term investments of €49.2M.
Key information
48.2%
Debt to equity ratio
€328.41m
Debt
| Interest coverage ratio | 4.7x |
| Cash | €49.21m |
| Equity | €680.85m |
| Total liabilities | €493.69m |
| Total assets | €1.17b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: BETCOC's short term assets (€121.5M) exceed its short term liabilities (€80.6M).
Long Term Liabilities: BETCOC's short term assets (€121.5M) do not cover its long term liabilities (€413.1M).
Debt to Equity History and Analysis
Debt Level: BETCOC's net debt to equity ratio (41%) is considered high.
Reducing Debt: BETCOC's debt to equity ratio has increased from 36.9% to 48.2% over the past 5 years.
Debt Coverage: BETCOC's debt is not well covered by operating cash flow (16.7%).
Interest Coverage: BETCOC's interest payments on its debt are well covered by EBIT (4.7x coverage).