Bodycote Balance Sheet Health
Financial Health criteria checks 5/6
Bodycote has a total shareholder equity of £792.3M and total debt of £32.6M, which brings its debt-to-equity ratio to 4.1%. Its total assets and total liabilities are £1.1B and £344.4M respectively. Bodycote's EBIT is £115.4M making its interest coverage ratio 27.5. It has cash and short-term investments of £45.2M.
Key information
4.1%
Debt to equity ratio
UK£32.60m
Debt
Interest coverage ratio | 27.5x |
Cash | UK£45.20m |
Equity | UK£792.30m |
Total liabilities | UK£344.40m |
Total assets | UK£1.14b |
Recent financial health updates
Recent updates
Financial Position Analysis
Short Term Liabilities: 21T's short term assets (£236.7M) exceed its short term liabilities (£225.1M).
Long Term Liabilities: 21T's short term assets (£236.7M) exceed its long term liabilities (£119.3M).
Debt to Equity History and Analysis
Debt Level: 21T has more cash than its total debt.
Reducing Debt: 21T's debt to equity ratio has increased from 0.3% to 4.1% over the past 5 years.
Debt Coverage: 21T's debt is well covered by operating cash flow (587.7%).
Interest Coverage: 21T's interest payments on its debt are well covered by EBIT (27.5x coverage).