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).
Balance Sheet
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Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2023/05/27 03:12 |
| End of Day Share Price | 2023/02/27 00:00 |
| Earnings | 2022/12/31 |
| Annual Earnings | 2022/12/31 |
Data Sources
The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.
| Package | Data | Timeframe | Example US Source * |
|---|---|---|---|
| Company Financials | 10 years |
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| Analyst Consensus Estimates | +3 years |
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| Market Prices | 30 years |
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| Ownership | 10 years |
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| Management | 10 years |
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| Key Developments | 10 years |
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* example for US securities, for non-US equivalent regulatory forms and sources are used.
Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.
Analysis Model and Snowflake
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Industry and Sector Metrics
Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on .
Analyst Sources
BasicNet S.p.A. is covered by 1 analysts. of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.
| Analyst | Institution |
|---|---|
| Giada Cabrino | Banca Akros S.p.A. (ESN) |