Better Collective Balance Sheet Health
Financial Health criteria checks 3/6
Better Collective has a total shareholder equity of €668.5M and total debt of €333.2M, which brings its debt-to-equity ratio to 49.8%. Its total assets and total liabilities are €1.2B and €485.2M respectively. Better Collective's EBIT is €73.5M making its interest coverage ratio 5.3. It has cash and short-term investments of €67.1M.
Key information
49.8%
Debt to equity ratio
€333.24m
Debt
Interest coverage ratio | 5.3x |
Cash | €67.13m |
Equity | €668.50m |
Total liabilities | €485.16m |
Total assets | €1.15b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: BETCOS's short term assets (€138.2M) exceed its short term liabilities (€124.0M).
Long Term Liabilities: BETCOS's short term assets (€138.2M) do not cover its long term liabilities (€361.1M).
Debt to Equity History and Analysis
Debt Level: BETCOS's net debt to equity ratio (39.8%) is considered satisfactory.
Reducing Debt: BETCOS's debt to equity ratio has increased from 38.1% to 49.8% over the past 5 years.
Debt Coverage: BETCOS's debt is not well covered by operating cash flow (19.1%).
Interest Coverage: BETCOS's interest payments on its debt are well covered by EBIT (5.3x coverage).