Websolute Balance Sheet Health
Financial Health criteria checks 5/6
Websolute has a total shareholder equity of €5.9M and total debt of €7.5M, which brings its debt-to-equity ratio to 128.3%. Its total assets and total liabilities are €22.5M and €16.6M respectively. Websolute's EBIT is €866.3K making its interest coverage ratio 3.5. It has cash and short-term investments of €3.2M.
Key information
128.3%
Debt to equity ratio
€7.55m
Debt
| Interest coverage ratio | 3.5x |
| Cash | €3.24m |
| Equity | €5.89m |
| Total liabilities | €16.62m |
| Total assets | €22.51m |
Recent financial health updates
Websolute (BIT:WBS) Takes On Some Risk With Its Use Of Debt
Nov 13
Websolute (BIT:WBS) Takes On Some Risk With Its Use Of Debt
Nov 09Here's Why Websolute (BIT:WEB) Can Manage Its Debt Responsibly
Nov 18Websolute (BIT:WEB) Has A Somewhat Strained Balance Sheet
May 12Is Websolute (BIT:WEB) A Risky Investment?
Nov 24Recent updates
Websolute (BIT:WBS) Takes On Some Risk With Its Use Of Debt
Nov 13Websolute S.p.A. (BIT:WBS) Soars 29% But It's A Story Of Risk Vs Reward
Sep 17There Are Reasons To Feel Uneasy About Websolute's (BIT:WBS) Returns On Capital
Sep 14Websolute S.p.A. (BIT:WBS) Could Be Riskier Than It Looks
Jul 05Websolute's (BIT:WBS) Returns On Capital Not Reflecting Well On The Business
Mar 26Websolute (BIT:WBS) Takes On Some Risk With Its Use Of Debt
Nov 09Websolute's (BIT:WEB) Returns On Capital Not Reflecting Well On The Business
Dec 13Websolute's (BIT:WEB) Robust Earnings Are Supported By Other Strong Factors
Mar 25Websolute (BIT:WEB) Might Be Having Difficulty Using Its Capital Effectively
Mar 15Here's Why Websolute (BIT:WEB) Can Manage Its Debt Responsibly
Nov 18Returns On Capital Signal Tricky Times Ahead For Websolute (BIT:WEB)
Sep 29Capital Allocation Trends At Websolute (BIT:WEB) Aren't Ideal
Jun 10Websolute (BIT:WEB) Has A Somewhat Strained Balance Sheet
May 12Are Dividend Investors Making A Mistake With Websolute S.p.A. (BIT:WEB)?
Mar 15Is Websolute (BIT:WEB) Likely To Turn Things Around?
Jan 21Is Websolute (BIT:WEB) A Risky Investment?
Nov 24Financial Position Analysis
Short Term Liabilities: WBS's short term assets (€11.5M) exceed its short term liabilities (€6.9M).
Long Term Liabilities: WBS's short term assets (€11.5M) exceed its long term liabilities (€9.7M).
Debt to Equity History and Analysis
Debt Level: WBS's net debt to equity ratio (73.1%) is considered high.
Reducing Debt: WBS's debt to equity ratio has reduced from 263.9% to 128.3% over the past 5 years.
Debt Coverage: WBS's debt is well covered by operating cash flow (32.5%).
Interest Coverage: WBS's interest payments on its debt are well covered by EBIT (3.5x coverage).