Spirax-Sarco Engineering Balance Sheet Health
Financial Health criteria checks 3/6
Spirax-Sarco Engineering has a total shareholder equity of £1.2B and total debt of £1.0B, which brings its debt-to-equity ratio to 88.7%. Its total assets and total liabilities are £2.7B and £1.6B respectively. Spirax-Sarco Engineering's EBIT is £308.0M making its interest coverage ratio 8.1. It has cash and short-term investments of £359.7M.
Key information
88.7%
Debt to equity ratio
UK£1.03b
Debt
Interest coverage ratio | 8.1x |
Cash | UK£359.70m |
Equity | UK£1.16b |
Total liabilities | UK£1.55b |
Total assets | UK£2.71b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: 1LNB's short term assets (£1.0B) exceed its short term liabilities (£454.0M).
Long Term Liabilities: 1LNB's short term assets (£1.0B) do not cover its long term liabilities (£1.1B).
Debt to Equity History and Analysis
Debt Level: 1LNB's net debt to equity ratio (57.6%) is considered high.
Reducing Debt: 1LNB's debt to equity ratio has increased from 55.1% to 88.7% over the past 5 years.
Debt Coverage: 1LNB's debt is well covered by operating cash flow (29.1%).
Interest Coverage: 1LNB's interest payments on its debt are well covered by EBIT (8.1x coverage).