BasicNet Balance Sheet Health
Financial Health criteria checks 3/6
BasicNet has a total shareholder equity of €149.1M and total debt of €116.1M, which brings its debt-to-equity ratio to 77.9%. Its total assets and total liabilities are €453.1M and €304.0M respectively. BasicNet's EBIT is €38.2M making its interest coverage ratio 26.6. It has cash and short-term investments of €19.5M.
Key information
77.9%
Debt to equity ratio
€116.15m
Debt
| Interest coverage ratio | 26.6x |
| Cash | €19.48m |
| Equity | €149.15m |
| Total liabilities | €303.97m |
| Total assets | €453.11m |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: BANM's short term assets (€248.7M) exceed its short term liabilities (€197.4M).
Long Term Liabilities: BANM's short term assets (€248.7M) exceed its long term liabilities (€106.5M).
Debt to Equity History and Analysis
Debt Level: BANM's net debt to equity ratio (64.8%) is considered high.
Reducing Debt: BANM's debt to equity ratio has increased from 70% to 77.9% over the past 5 years.
Debt Coverage: BANM's operating cash flow is negative, therefore debt is not well covered.
Interest Coverage: BANM's interest payments on its debt are well covered by EBIT (26.6x coverage).