Bending Spoons Balance Sheet Health
Financial Health criteria checks 0/6
Bending Spoons has a total shareholder equity of $1.3B and total debt of $4.9B, which brings its debt-to-equity ratio to 388.2%. Its total assets and total liabilities are $8.1B and $6.8B respectively. Bending Spoons's EBIT is $705.3M making its interest coverage ratio 2.4. It has cash and short-term investments of $830.1M.
Key information
388.15%
Debt to equity ratio
US$4.88b
Debt
| Interest coverage ratio | 2.4x |
| Cash | US$830.15m |
| Equity | US$1.26b |
| Total liabilities | US$6.80b |
| Total assets | US$8.06b |
Recent financial health updates
Recent updates
AI-Driven Software Subscriptions And M&A Will Sustain This Digital Platform Thesis
Catalysts About Bending Spoons Bending Spoons acquires digital businesses, integrates and transforms them, and uses the resulting cash flows to fund further acquisitions. What are the underlying business or industry changes driving this perspective?Bending Spoons: I Wouldn't Pay A Tech Multiple For This PE Play
Summary I think Bending Spoons S.p.A. operates like a tech-focused private equity fund, acquiring and restructuring distressed digital businesses, rather than a "traditional" tech company. Bending Spoon doesn't have a strong, integrated ecosystem of apps/platforms that can benefit from scale. It focuses on acquiring "cheap" businesses and optimizing their operations. BSP's growth is heavily reliant on M&A, with management allocating nearly $1B in IPO proceeds to future acquisitions and lacking clear organic growth guidance. Valuation hinges on M&A execution, which remains uncertain given the company's limited size. My DCF scenarios yield a wide price target range ($6–$122), reflecting high uncertainty and risk. I assign BSP a Hold rating, given the market's indecision on whether the company merits tech-like multiples or should be valued as a financial operator. Read the full article on Seeking AlphaFinancial Position Analysis
Short Term Liabilities: BSP's short term assets ($1.4B) do not cover its short term liabilities ($2.1B).
Long Term Liabilities: BSP's short term assets ($1.4B) do not cover its long term liabilities ($4.7B).
Debt to Equity History and Analysis
Debt Level: BSP's net debt to equity ratio (322.2%) is considered high.
Reducing Debt: Insufficient data to determine if BSP's debt to equity ratio has reduced over the past 5 years.
Debt Coverage: BSP's debt is not well covered by operating cash flow (9.4%).
Interest Coverage: BSP's interest payments on its debt are not well covered by EBIT (2.4x coverage).
Balance Sheet
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Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2026/08/16 20:49 |
| End of Day Share Price | 2026/08/14 00:00 |
| Earnings | 2026/06/30 |
| Annual Earnings | 2025/12/31 |
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
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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 Github.
Analyst Sources
Bending Spoons S.p.A. is covered by 10 analysts. 11 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 |
|---|---|
| Yi Fu Lee | Benchmark Company |
| Mark Shmulik | Bernstein |
| Stefan Julien Slowinski | BNP Paribas |