Bytes Technology Group Balance Sheet Health
Financial Health criteria checks 6/6
Bytes Technology Group has a total shareholder equity of £60.0M and total debt of £0.0, which brings its debt-to-equity ratio to 0%. Its total assets and total liabilities are £303.3M and £243.3M respectively. Bytes Technology Group's EBIT is £54.2M making its interest coverage ratio -22.8. It has cash and short-term investments of £51.7M.
Key information
0%
Debt to equity ratio
UK£0
Debt
Interest coverage ratio | -22.8x |
Cash | UK£51.66m |
Equity | UK£59.99m |
Total liabilities | UK£243.34m |
Total assets | UK£303.33m |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: BYI's short term assets (£245.9M) exceed its short term liabilities (£240.6M).
Long Term Liabilities: BYI's short term assets (£245.9M) exceed its long term liabilities (£2.7M).
Debt to Equity History and Analysis
Debt Level: BYI is debt free.
Reducing Debt: BYI has not had any debt for past 5 years.
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.