BasicNet Balance Sheet Health
Financial Health criteria checks 4/6
BasicNet has a total shareholder equity of €164.8M and total debt of €124.8M, which brings its debt-to-equity ratio to 75.7%. Its total assets and total liabilities are €460.8M and €296.0M respectively. BasicNet's EBIT is €30.3M making its interest coverage ratio 7. It has cash and short-term investments of €32.0M.
Key information
75.7%
Debt to equity ratio
€124.76m
Debt
| Interest coverage ratio | 7x |
| Cash | €31.96m |
| Equity | €164.79m |
| Total liabilities | €295.97m |
| Total assets | €460.75m |
Recent financial health updates
Is BasicNet (BIT:BAN) A Risky Investment?
Dec 23
Does BasicNet (BIT:BAN) Have A Healthy Balance Sheet?
Apr 11Here's Why BasicNet (BIT:BAN) Has A Meaningful Debt Burden
Nov 30Recent updates
BasicNet's (BIT:BAN) Returns Have Hit A Wall
Jun 25Is BasicNet (BIT:BAN) A Risky Investment?
Dec 23What To Know Before Buying BasicNet S.p.A. (BIT:BAN) For Its Dividend
Apr 29Does BasicNet (BIT:BAN) Have A Healthy Balance Sheet?
Apr 11We're Watching These Trends At BasicNet (BIT:BAN)
Mar 09What Is The Ownership Structure Like For BasicNet S.p.A. (BIT:BAN)?
Feb 17
Reflecting on BasicNet's (BIT:BAN) Share Price Returns Over The Last Year
Jan 30BasicNet S.p.A.'s (BIT:BAN) Stock Is Going Strong: Have Financials A Role To Play?
Dec 18Here's Why BasicNet (BIT:BAN) Has A Meaningful Debt Burden
Nov 30Financial Position Analysis
Short Term Liabilities: BAN's short term assets (€247.6M) exceed its short term liabilities (€193.7M).
Long Term Liabilities: BAN's short term assets (€247.6M) exceed its long term liabilities (€102.3M).
Debt to Equity History and Analysis
Debt Level: BAN's net debt to equity ratio (56.3%) is considered high.
Reducing Debt: BAN's debt to equity ratio has increased from 53.9% to 75.7% over the past 5 years.
Debt Coverage: BAN's debt is well covered by operating cash flow (31.7%).
Interest Coverage: BAN's interest payments on its debt are well covered by EBIT (7x coverage).