Weir Group Balance Sheet Health
Financial Health criteria checks 6/6
Weir Group has a total shareholder equity of £1.7B and total debt of £1.3B, which brings its debt-to-equity ratio to 72.2%. Its total assets and total liabilities are £3.9B and £2.1B respectively. Weir Group's EBIT is £360.6M making its interest coverage ratio 8.7. It has cash and short-term investments of £651.9M.
Key information
72.2%
Debt to equity ratio
UK£1.26b
Debt
| Interest coverage ratio | 8.7x |
| Cash | UK£651.90m |
| Equity | UK£1.74b |
| Total liabilities | UK£2.12b |
| Total assets | UK£3.86b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: 42W's short term assets (£1.9B) exceed its short term liabilities (£902.0M).
Long Term Liabilities: 42W's short term assets (£1.9B) exceed its long term liabilities (£1.2B).
Debt to Equity History and Analysis
Debt Level: 42W's net debt to equity ratio (34.8%) is considered satisfactory.
Reducing Debt: 42W's debt to equity ratio has reduced from 77% to 72.2% over the past 5 years.
Debt Coverage: 42W's debt is well covered by operating cash flow (32.5%).
Interest Coverage: 42W's interest payments on its debt are well covered by EBIT (8.7x coverage).