Better Collective Balance Sheet Health
Financial Health criteria checks 4/6
Better Collective has a total shareholder equity of €650.3M and total debt of €331.3M, which brings its debt-to-equity ratio to 50.9%. Its total assets and total liabilities are €1.1B and €491.3M respectively. Better Collective's EBIT is €67.9M making its interest coverage ratio 5. It has cash and short-term investments of €43.6M.
Key information
50.9%
Debt to equity ratio
€331.33m
Debt
| Interest coverage ratio | 5x |
| Cash | €43.62m |
| Equity | €650.32m |
| Total liabilities | €491.28m |
| Total assets | €1.14b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: 0AA8's short term assets (€105.0M) exceed its short term liabilities (€76.8M).
Long Term Liabilities: 0AA8's short term assets (€105.0M) do not cover its long term liabilities (€414.5M).
Debt to Equity History and Analysis
Debt Level: 0AA8's net debt to equity ratio (44.2%) is considered high.
Reducing Debt: 0AA8's debt to equity ratio has reduced from 57.8% to 50.9% over the past 5 years.
Debt Coverage: 0AA8's debt is well covered by operating cash flow (20.8%).
Interest Coverage: 0AA8's interest payments on its debt are well covered by EBIT (5x coverage).