Bittium Oyj Balance Sheet Health
Financial Health criteria checks 5/6
Bittium Oyj has a total shareholder equity of €116.8M and total debt of €20.0M, which brings its debt-to-equity ratio to 17.1%. Its total assets and total liabilities are €166.2M and €49.3M respectively. Bittium Oyj's EBIT is €3.3M making its interest coverage ratio 9.4. It has cash and short-term investments of €22.0M.
Key information
17.1%
Debt to equity ratio
€20.00m
Debt
Interest coverage ratio | 9.4x |
Cash | €22.04m |
Equity | €116.82m |
Total liabilities | €49.34m |
Total assets | €166.15m |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: BITTIH's short term assets (€80.3M) exceed its short term liabilities (€27.8M).
Long Term Liabilities: BITTIH's short term assets (€80.3M) exceed its long term liabilities (€21.5M).
Debt to Equity History and Analysis
Debt Level: BITTIH has more cash than its total debt.
Reducing Debt: BITTIH's debt to equity ratio has increased from 1.3% to 17.1% over the past 5 years.
Debt Coverage: BITTIH's debt is well covered by operating cash flow (41.4%).
Interest Coverage: BITTIH's interest payments on its debt are well covered by EBIT (9.4x coverage).