Safestore Holdings Balance Sheet Health
Financial Health criteria checks 3/6
Safestore Holdings has a total shareholder equity of £1.9B and total debt of £725.8M, which brings its debt-to-equity ratio to 37.5%. Its total assets and total liabilities are £3.0B and £1.0B respectively. Safestore Holdings's EBIT is £136.8M making its interest coverage ratio 6.3. It has cash and short-term investments of £16.9M.
Key information
37.5%
Debt to equity ratio
UK£725.80m
Debt
Interest coverage ratio | 6.3x |
Cash | UK£16.90m |
Equity | UK£1.94b |
Total liabilities | UK£1.02b |
Total assets | UK£2.96b |
Recent financial health updates
No updates
Financial Position Analysis
Short Term Liabilities: SAFE's short term assets (£50.1M) do not cover its short term liabilities (£110.4M).
Long Term Liabilities: SAFE's short term assets (£50.1M) do not cover its long term liabilities (£911.4M).
Debt to Equity History and Analysis
Debt Level: SAFE's net debt to equity ratio (36.6%) is considered satisfactory.
Reducing Debt: SAFE's debt to equity ratio has reduced from 46.9% to 37.5% over the past 5 years.
Debt Coverage: SAFE's debt is not well covered by operating cash flow (13.5%).
Interest Coverage: SAFE's interest payments on its debt are well covered by EBIT (6.3x coverage).