Bittnet Systems Balance Sheet Health
Financial Health criteria checks 5/6
Bittnet Systems has a total shareholder equity of RON98.0M and total debt of RON67.6M, which brings its debt-to-equity ratio to 69%. Its total assets and total liabilities are RON357.3M and RON259.3M respectively. Bittnet Systems's EBIT is RON8.7M making its interest coverage ratio 1.5. It has cash and short-term investments of RON39.2M.
Key information
69.0%
Debt to equity ratio
RON 67.58m
Debt
| Interest coverage ratio | 1.5x |
| Cash | RON 39.18m |
| Equity | RON 97.97m |
| Total liabilities | RON 259.35m |
| Total assets | RON 357.32m |
Recent financial health updates
Here's Why Bittnet Systems (BVB:BNET) Can Manage Its Debt Responsibly
Jan 05
Is Bittnet Systems (BVB:BNET) A Risky Investment?
May 13Bittnet Systems (BVB:BNET) Seems To Use Debt Quite Sensibly
Dec 20Recent updates
Bittnet Systems (BVB:BNET) Is Reinvesting At Lower Rates Of Return
Jul 22Here's Why Bittnet Systems (BVB:BNET) Can Manage Its Debt Responsibly
Jan 05There Are Some Reasons To Suggest That Bittnet Systems' (BVB:BNET) Earnings A Poor Reflection Of Profitability
Nov 18Capital Allocation Trends At Bittnet Systems (BVB:BNET) Aren't Ideal
Jun 08Is Bittnet Systems (BVB:BNET) A Risky Investment?
May 13Should You Be Worried About Bittnet Systems SA's (BVB:BNET) 10% Return On Equity?
Feb 11Bittnet Systems (BVB:BNET) Seems To Use Debt Quite Sensibly
Dec 20Financial Position Analysis
Short Term Liabilities: BNET's short term assets (RON216.0M) exceed its short term liabilities (RON196.7M).
Long Term Liabilities: BNET's short term assets (RON216.0M) exceed its long term liabilities (RON62.7M).
Debt to Equity History and Analysis
Debt Level: BNET's net debt to equity ratio (29%) is considered satisfactory.
Reducing Debt: BNET's debt to equity ratio has reduced from 300.2% to 69% over the past 5 years.
Debt Coverage: BNET's debt is well covered by operating cash flow (37.7%).
Interest Coverage: BNET's interest payments on its debt are not well covered by EBIT (1.5x coverage).