SIT Balance Sheet Health
Financial Health criteria checks 2/6
SIT has a total shareholder equity of €124.7M and total debt of €171.2M, which brings its debt-to-equity ratio to 137.3%. Its total assets and total liabilities are €420.0M and €295.3M respectively. SIT's EBIT is €16.7M making its interest coverage ratio 1.8. It has cash and short-term investments of €7.5M.
Key information
137.3%
Debt to equity ratio
€171.20m
Debt
| Interest coverage ratio | 1.8x |
| Cash | €7.45m |
| Equity | €124.67m |
| Total liabilities | €295.29m |
| Total assets | €419.96m |
Recent financial health updates
SIT (BIT:SIT) Has A Pretty Healthy Balance Sheet
Sep 09
Does SIT (BIT:SIT) Have A Healthy Balance Sheet?
Jan 20
Recent updates
Is There Now An Opportunity In SIT S.p.A. (BIT:SIT)?
Mar 06SIT (BIT:SIT) Has A Pretty Healthy Balance Sheet
Sep 09Calculating The Fair Value Of SIT S.p.A. (BIT:SIT)
May 24How Does SIT S.p.A. (BIT:SIT) Stand Up To These Simple Dividend Safety Checks?
Apr 20SIT S.p.A.'s (BIT:SIT) Stock's On An Uptrend: Are Strong Financials Guiding The Market?
Mar 03What Kind Of Shareholders Hold The Majority In SIT S.p.A.'s (BIT:SIT) Shares?
Feb 10Does SIT (BIT:SIT) Have A Healthy Balance Sheet?
Jan 20A Look At SIT's (BIT:SIT) Share Price Returns
Dec 30How Does SIT S.p.A. (BIT:SIT) Fare As A Dividend Stock?
Dec 12Is SIT S.p.A.'s (BIT:SIT) Latest Stock Performance A Reflection Of Its Financial Health?
Nov 27Financial Position Analysis
Short Term Liabilities: SIT's short term assets (€176.8M) exceed its short term liabilities (€126.7M).
Long Term Liabilities: SIT's short term assets (€176.8M) exceed its long term liabilities (€168.6M).
Debt to Equity History and Analysis
Debt Level: SIT's net debt to equity ratio (131.3%) is considered high.
Reducing Debt: SIT's debt to equity ratio has increased from 85% to 137.3% over the past 5 years.
Debt Coverage: SIT's debt is not well covered by operating cash flow (17%).
Interest Coverage: SIT's interest payments on its debt are not well covered by EBIT (1.8x coverage).