BasicNet Balance Sheet Health
Financial Health criteria checks 5/6
BasicNet has a total shareholder equity of €159.8M and total debt of €112.4M, which brings its debt-to-equity ratio to 70.3%. Its total assets and total liabilities are €464.8M and €305.0M respectively. BasicNet's EBIT is €19.1M making its interest coverage ratio 3.8. It has cash and short-term investments of €19.3M.
Key information
70.3%
Debt to equity ratio
€112.37m
Debt
| Interest coverage ratio | 3.8x |
| Cash | €19.35m |
| Equity | €159.81m |
| Total liabilities | €305.02m |
| Total assets | €464.82m |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: 0N6O's short term assets (€242.0M) exceed its short term liabilities (€201.8M).
Long Term Liabilities: 0N6O's short term assets (€242.0M) exceed its long term liabilities (€103.2M).
Debt to Equity History and Analysis
Debt Level: 0N6O's net debt to equity ratio (58.2%) is considered high.
Reducing Debt: 0N6O's debt to equity ratio has reduced from 71.4% to 70.3% over the past 5 years.
Debt Coverage: 0N6O's debt is well covered by operating cash flow (35.3%).
Interest Coverage: 0N6O's interest payments on its debt are well covered by EBIT (3.8x coverage).