Bittnet Systems Balance Sheet Health
Financial Health criteria checks 5/6
Bittnet Systems has a total shareholder equity of RON67.7M and total debt of RON61.9M, which brings its debt-to-equity ratio to 91.5%. Its total assets and total liabilities are RON246.9M and RON179.3M respectively. Bittnet Systems's EBIT is RON10.0M making its interest coverage ratio 1.5. It has cash and short-term investments of RON26.4M.
Key information
91.47%
Debt to equity ratio
RON 61.89m
Debt
| Interest coverage ratio | 1.5x |
| Cash | RON 26.36m |
| Equity | RON 67.66m |
| Total liabilities | RON 179.27m |
| Total assets | RON 246.93m |
Recent financial health updates
We Think Bittnet Systems (BVB:BNET) Can Stay On Top Of Its Debt
Jul 26
Here's Why Bittnet Systems (BVB:BNET) Can Manage Its Debt Responsibly
Jan 05Is Bittnet Systems (BVB:BNET) A Risky Investment?
May 13Bittnet Systems (BVB:BNET) Seems To Use Debt Quite Sensibly
Dec 20Recent updates
We Think Bittnet Systems (BVB:BNET) Can Stay On Top Of Its Debt
Jul 26Statutory Profit Doesn't Reflect How Good Bittnet Systems' (BVB:BNET) Earnings Are
Mar 08Bittnet Systems SA's (BVB:BNET) Subdued P/S Might Signal An Opportunity
Jan 10Bittnet 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 (RON135.0M) exceed its short term liabilities (RON120.3M).
Long Term Liabilities: BNET's short term assets (RON135.0M) exceed its long term liabilities (RON59.0M).
Debt to Equity History and Analysis
Debt Level: BNET's net debt to equity ratio (52.5%) is considered high.
Reducing Debt: BNET's debt to equity ratio has reduced from 339.6% to 91.5% over the past 5 years.
Balance Sheet
Cash Runway Analysis
For companies that have on average been loss-making in the past, we assess whether they have at least 1 year of cash runway.
Stable Cash Runway: Whilst unprofitable BNET has sufficient cash runway for more than 3 years if it maintains its current positive free cash flow level.
Forecast Cash Runway: BNET is unprofitable but has sufficient cash runway for more than 3 years, due to free cash flow being positive and growing by 35.1% per year.
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Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2025/07/27 01:04 |
| End of Day Share Price | 2025/07/25 00:00 |
| Earnings | 2025/03/31 |
| Annual Earnings | 2024/12/31 |
Data Sources
The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.
| Package | Data | Timeframe | Example US Source * |
|---|---|---|---|
| Company Financials | 10 years |
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| Analyst Consensus Estimates | +3 years |
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| Market Prices | 30 years |
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| Ownership | 10 years |
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| Management | 10 years |
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| Key Developments | 10 years |
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* Example for US securities, for non-US equivalent regulatory forms and sources are used.
Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more.
Analysis Model and Snowflake
Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.
Learn about the world class team who designed and built the Simply Wall St analysis model.
Industry and Sector Metrics
Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on Github.
Analyst Sources
Bittnet Systems SA is covered by 1 analysts. 0 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.
| Analyst | Institution |
|---|---|
| Marcin Nowak | Ipopema Securities S.A. |