Betsson Balance Sheet Health
Financial Health criteria checks 6/6
Betsson has a total shareholder equity of €707.0M and total debt of €98.9M, which brings its debt-to-equity ratio to 14%. Its total assets and total liabilities are €1.1B and €373.4M respectively. Betsson's EBIT is €174.3M making its interest coverage ratio 15.3. It has cash and short-term investments of €244.1M.
Key information
14.0%
Debt to equity ratio
€98.90m
Debt
Interest coverage ratio | 15.3x |
Cash | €244.10m |
Equity | €707.00m |
Total liabilities | €373.40m |
Total assets | €1.08b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: BETS IL B's short term assets (€428.5M) exceed its short term liabilities (€262.1M).
Long Term Liabilities: BETS IL B's short term assets (€428.5M) exceed its long term liabilities (€111.3M).
Debt to Equity History and Analysis
Debt Level: BETS IL B has more cash than its total debt.
Reducing Debt: BETS IL B's debt to equity ratio has reduced from 42.2% to 14% over the past 5 years.
Debt Coverage: BETS IL B's debt is well covered by operating cash flow (254.8%).
Interest Coverage: BETS IL B's interest payments on its debt are well covered by EBIT (15.3x coverage).