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 1.4. It has cash and short-term investments of RON44.5M.
Key information
69.0%
Debt to equity ratio
RON 67.58m
Debt
| Interest coverage ratio | 1.4x |
| Cash | RON 44.48m |
| 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 (23.6%) 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 (1.4x coverage).
Balance Sheet
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Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2024/12/18 23:40 |
| End of Day Share Price | 2024/12/18 00:00 |
| Earnings | 2024/09/30 |
| Annual Earnings | 2023/12/31 |
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 here.
Analysis Model and Snowflake
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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 .
Analyst Sources
Bittnet Systems SA is covered by 3 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 |
|---|---|
| null null | Wood & Company |
| Piotr Raciborski | Wood & Company |
| Stefan Lungu | Wood & Company |