Highcroft Investments Balance Sheet Health
Financial Health criteria checks 3/6
Highcroft Investments has a total shareholder equity of £56.3M and total debt of £27.2M, which brings its debt-to-equity ratio to 48.4%. Its total assets and total liabilities are £86.7M and £30.4M respectively. Highcroft Investments's EBIT is £3.8M making its interest coverage ratio 5.7. It has cash and short-term investments of £4.8M.
Key information
48.4%
Debt to equity ratio
UK£27.20m
Debt
Interest coverage ratio | 5.7x |
Cash | UK£4.75m |
Equity | UK£56.25m |
Total liabilities | UK£30.42m |
Total assets | UK£86.68m |
Recent financial health updates
No updates
Financial Position Analysis
Short Term Liabilities: HCFT's short term assets (£6.1M) exceed its short term liabilities (£3.2M).
Long Term Liabilities: HCFT's short term assets (£6.1M) do not cover its long term liabilities (£27.2M).
Debt to Equity History and Analysis
Debt Level: HCFT's net debt to equity ratio (39.9%) is considered satisfactory.
Reducing Debt: HCFT's debt to equity ratio has increased from 31.6% to 48.4% over the past 5 years.
Debt Coverage: HCFT's debt is not well covered by operating cash flow (14.9%).
Interest Coverage: HCFT's interest payments on its debt are well covered by EBIT (5.7x coverage).