Alumasc Group Balance Sheet Health
Financial Health criteria checks 5/6
Alumasc Group has a total shareholder equity of £26.3M and total debt of £14.6M, which brings its debt-to-equity ratio to 55.3%. Its total assets and total liabilities are £77.6M and £51.3M respectively. Alumasc Group's EBIT is £12.4M making its interest coverage ratio 12.7. It has cash and short-term investments of £7.2M.
Key information
55.3%
Debt to equity ratio
UK£14.56m
Debt
Interest coverage ratio | 12.7x |
Cash | UK£7.19m |
Equity | UK£26.30m |
Total liabilities | UK£51.28m |
Total assets | UK£77.58m |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: 0JL's short term assets (£38.5M) exceed its short term liabilities (£23.6M).
Long Term Liabilities: 0JL's short term assets (£38.5M) exceed its long term liabilities (£27.7M).
Debt to Equity History and Analysis
Debt Level: 0JL's net debt to equity ratio (28%) is considered satisfactory.
Reducing Debt: 0JL's debt to equity ratio has increased from 23.2% to 55.3% over the past 5 years.
Debt Coverage: 0JL's debt is well covered by operating cash flow (101.6%).
Interest Coverage: 0JL's interest payments on its debt are well covered by EBIT (12.7x coverage).