Websolute Balance Sheet Health
Financial Health criteria checks 4/6
Websolute has a total shareholder equity of €5.3M and total debt of €5.5M, which brings its debt-to-equity ratio to 103.8%. Its total assets and total liabilities are €18.7M and €13.4M respectively. Websolute's EBIT is €152.8K making its interest coverage ratio 1. It has cash and short-term investments of €3.1M.
Key information
103.8%
Debt to equity ratio
€5.54m
Debt
Interest coverage ratio | 1x |
Cash | €3.09m |
Equity | €5.33m |
Total liabilities | €13.37m |
Total assets | €18.70m |
Recent financial health updates
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'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 (€10.4M) exceed its short term liabilities (€6.4M).
Long Term Liabilities: WBS's short term assets (€10.4M) exceed its long term liabilities (€7.0M).
Debt to Equity History and Analysis
Debt Level: WBS's net debt to equity ratio (45.8%) is considered high.
Reducing Debt: WBS's debt to equity ratio has reduced from 205% to 103.8% over the past 5 years.
Debt Coverage: WBS's debt is well covered by operating cash flow (20.1%).
Interest Coverage: WBS's interest payments on its debt are not well covered by EBIT (1x coverage).