Bytes Technology Group Balance Sheet Health
Financial Health criteria checks 6/6
Bytes Technology Group has a total shareholder equity of £77.6M and total debt of £0.0, which brings its debt-to-equity ratio to 0%. Its total assets and total liabilities are £350.9M and £273.3M respectively. Bytes Technology Group's EBIT is £61.7M making its interest coverage ratio -7.8. It has cash and short-term investments of £71.5M.
Key information
0%
Debt to equity ratio
UK£0
Debt
| Interest coverage ratio | -7.8x |
| Cash | UK£71.51m |
| Equity | UK£77.59m |
| Total liabilities | UK£273.29m |
| Total assets | UK£350.88m |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: BYI's short term assets (£294.2M) exceed its short term liabilities (£269.9M).
Long Term Liabilities: BYI's short term assets (£294.2M) exceed its long term liabilities (£3.4M).
Debt to Equity History and Analysis
Debt Level: BYI is debt free.
Reducing Debt: BYI has no debt compared to 5 years ago when its debt to equity ratio was 2.1%.
Debt Coverage: BYI has no debt, therefore it does not need to be covered by operating cash flow.
Interest Coverage: BYI has no debt, therefore coverage of interest payments is not a concern.