Wiit Balance Sheet Health
Financial Health criteria checks 0/6
Wiit has a total shareholder equity of €31.8M and total debt of €229.1M, which brings its debt-to-equity ratio to 720.3%. Its total assets and total liabilities are €340.6M and €308.8M respectively. Wiit's EBIT is €20.9M making its interest coverage ratio 2.7. It has cash and short-term investments of €20.8M.
Key information
720.3%
Debt to equity ratio
€229.08m
Debt
| Interest coverage ratio | 2.7x |
| Cash | €20.77m |
| Equity | €31.80m |
| Total liabilities | €308.78m |
| Total assets | €340.58m |
Recent financial health updates
No updates
Recent updates
No updates
Financial Position Analysis
Short Term Liabilities: WIITM's short term assets (€76.3M) do not cover its short term liabilities (€87.5M).
Long Term Liabilities: WIITM's short term assets (€76.3M) do not cover its long term liabilities (€221.3M).
Debt to Equity History and Analysis
Debt Level: WIITM's net debt to equity ratio (655%) is considered high.
Reducing Debt: WIITM's debt to equity ratio has increased from 87.2% to 720.3% over the past 5 years.
Debt Coverage: WIITM's debt is not well covered by operating cash flow (14.3%).
Interest Coverage: WIITM's interest payments on its debt are not well covered by EBIT (2.7x coverage).