BMIT Technologies Balance Sheet Health
Financial Health criteria checks 1/6
BMIT Technologies has a total shareholder equity of €10.8M and total debt of €48.2M, which brings its debt-to-equity ratio to 446.3%. Its total assets and total liabilities are €74.0M and €63.2M respectively. BMIT Technologies's EBIT is €8.6M making its interest coverage ratio 7.7. It has cash and short-term investments of €5.2M.
Key information
446.3%
Debt to equity ratio
€48.21m
Debt
| Interest coverage ratio | 7.7x |
| Cash | €5.25m |
| Equity | €10.80m |
| Total liabilities | €63.16m |
| Total assets | €73.96m |
Recent financial health updates
Is BMIT Technologies (MTSE:BMIT) Using Too Much Debt?
Mar 11
We Think BMIT Technologies (MTSE:BMIT) Can Stay On Top Of Its Debt
Nov 19
Recent updates
Here's Why Shareholders Should Examine BMIT Technologies p.l.c.'s (MTSE:BMIT) CEO Compensation Package More Closely
May 22Earnings Troubles May Signal Larger Issues for BMIT Technologies (MTSE:BMIT) Shareholders
Mar 18BMIT Technologies (MTSE:BMIT) Is Reducing Its Dividend To €0.025
Apr 02Estimating The Intrinsic Value Of BMIT Technologies p.l.c. (MTSE:BMIT)
May 16Should You Buy BMIT Technologies p.l.c. (MTSE:BMIT) For Its Dividend?
Apr 06Is BMIT Technologies (MTSE:BMIT) Using Too Much Debt?
Mar 11Estimating The Fair Value Of BMIT Technologies p.l.c. (MTSE:BMIT)
Feb 13Three Things You Should Check Before Buying BMIT Technologies p.l.c. (MTSE:BMIT) For Its Dividend
Dec 28Here's Why We Don't Think BMIT Technologies's (MTSE:BMIT) Statutory Earnings Reflect Its Underlying Earnings Potential
Dec 10We Think BMIT Technologies (MTSE:BMIT) Can Stay On Top Of Its Debt
Nov 19Financial Position Analysis
Short Term Liabilities: BMIT's short term assets (€9.4M) do not cover its short term liabilities (€10.6M).
Long Term Liabilities: BMIT's short term assets (€9.4M) do not cover its long term liabilities (€52.6M).
Debt to Equity History and Analysis
Debt Level: BMIT's net debt to equity ratio (397.7%) is considered high.
Reducing Debt: BMIT's debt to equity ratio has increased from 0% to 446.3% over the past 5 years.
Debt Coverage: BMIT's debt is not well covered by operating cash flow (14.2%).
Interest Coverage: BMIT's interest payments on its debt are well covered by EBIT (7.7x coverage).