Greencore Group Balance Sheet Health
Financial Health criteria checks 4/6
Greencore Group has a total shareholder equity of £448.5M and total debt of £307.2M, which brings its debt-to-equity ratio to 68.5%. Its total assets and total liabilities are £1.3B and £821.0M respectively. Greencore Group's EBIT is £91.4M making its interest coverage ratio 4.3. It has cash and short-term investments of £110.4M.
Key information
68.5%
Debt to equity ratio
UK£307.20m
Debt
Interest coverage ratio | 4.3x |
Cash | UK£110.40m |
Equity | UK£448.50m |
Total liabilities | UK£821.00m |
Total assets | UK£1.27b |
Recent financial health updates
These 4 Measures Indicate That Greencore Group (LON:GNC) Is Using Debt Extensively
Jul 06We Think Greencore Group (LON:GNC) Is Taking Some Risk With Its Debt
Feb 09Recent updates
Greencore Group plc (LON:GNC) Stock Rockets 29% As Investors Are Less Pessimistic Than Expected
May 22Even With A 27% Surge, Cautious Investors Are Not Rewarding Greencore Group plc's (LON:GNC) Performance Completely
Apr 05Are Investors Undervaluing Greencore Group plc (LON:GNC) By 44%?
Aug 23These 4 Measures Indicate That Greencore Group (LON:GNC) Is Using Debt Extensively
Jul 06We Think Greencore Group (LON:GNC) Is Taking Some Risk With Its Debt
Feb 09Is Now An Opportune Moment To Examine Greencore Group plc (LON:GNC)?
Dec 18Greencore Group plc's (LON:GNC) Intrinsic Value Is Potentially 59% Above Its Share Price
May 27Greencore Group plc (LON:GNC) Insiders Have Been Selling
Dec 30Greencore Group plc Just Reported A Surprise Loss: Here's What Analysts Think Will Happen Next
Nov 25Greencore Group (LON:GNC) Share Prices Have Dropped 65% In The Last Five Years
Nov 22Financial Position Analysis
Short Term Liabilities: GNC's short term assets (£413.6M) do not cover its short term liabilities (£524.8M).
Long Term Liabilities: GNC's short term assets (£413.6M) exceed its long term liabilities (£296.2M).
Debt to Equity History and Analysis
Debt Level: GNC's net debt to equity ratio (43.9%) is considered high.
Reducing Debt: GNC's debt to equity ratio has reduced from 111.8% to 68.5% over the past 5 years.
Debt Coverage: GNC's debt is well covered by operating cash flow (32%).
Interest Coverage: GNC's interest payments on its debt are well covered by EBIT (4.3x coverage).