Bittnet Systems Balance Sheet Health
Financial Health criteria checks 5/6
Bittnet Systems has a total shareholder equity of RON99.3M and total debt of RON59.4M, which brings its debt-to-equity ratio to 59.8%. Its total assets and total liabilities are RON327.0M and RON227.8M respectively. Bittnet Systems's EBIT is RON11.1M making its interest coverage ratio 1.8. It has cash and short-term investments of RON44.1M.
Key information
59.8%
Debt to equity ratio
RON 59.37m
Debt
| Interest coverage ratio | 1.8x |
| Cash | RON 44.10m |
| Equity | RON 99.26m |
| Total liabilities | RON 227.79m |
| Total assets | RON 327.05m |
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 (RON185.1M) exceed its short term liabilities (RON163.4M).
Long Term Liabilities: BNET's short term assets (RON185.1M) exceed its long term liabilities (RON64.4M).
Debt to Equity History and Analysis
Debt Level: BNET's net debt to equity ratio (15.4%) is considered satisfactory.
Reducing Debt: BNET's debt to equity ratio has reduced from 255.1% to 59.8% over the past 5 years.
Debt Coverage: BNET's debt is well covered by operating cash flow (24.2%).
Interest Coverage: BNET's interest payments on its debt are not well covered by EBIT (1.8x coverage).