SIMEC Atlantis Energy Balance Sheet Health
Financial Health criteria checks 0/6
SIMEC Atlantis Energy has a total shareholder equity of £40.5M and total debt of £56.4M, which brings its debt-to-equity ratio to 139.1%. Its total assets and total liabilities are £124.5M and £84.0M respectively. SIMEC Atlantis Energy's EBIT is £4.6M making its interest coverage ratio 1. It has cash and short-term investments of £7.7M.
Key information
139.1%
Debt to equity ratio
UK£56.38m
Debt
| Interest coverage ratio | 1x |
| Cash | UK£7.74m |
| Equity | UK£40.52m |
| Total liabilities | UK£83.99m |
| Total assets | UK£124.51m |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: 7K8's short term assets (£13.0M) do not cover its short term liabilities (£20.4M).
Long Term Liabilities: 7K8's short term assets (£13.0M) do not cover its long term liabilities (£63.6M).
Debt to Equity History and Analysis
Debt Level: 7K8's net debt to equity ratio (120%) is considered high.
Reducing Debt: 7K8's debt to equity ratio has increased from 36.3% to 139.1% over the past 5 years.
Debt Coverage: 7K8's debt is not well covered by operating cash flow (15.2%).
Interest Coverage: 7K8's interest payments on its debt are not well covered by EBIT (1x coverage).
Balance Sheet
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Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2024/12/27 06:18 |
| End of Day Share Price | 2024/12/23 00:00 |
| Earnings | 2024/06/30 |
| Annual Earnings | 2023/12/31 |
Data Sources
The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.
| Package | Data | Timeframe | Example US Source * |
|---|---|---|---|
| Company Financials | 10 years |
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| Analyst Consensus Estimates | +3 years |
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| Market Prices | 30 years |
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| Ownership | 10 years |
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| Management | 10 years |
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| Key Developments | 10 years |
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* example for US securities, for non-US equivalent regulatory forms and sources are used.
Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.
Analysis Model and Snowflake
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Industry and Sector Metrics
Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on .
Analyst Sources
SIMEC Atlantis Energy Limited is covered by 8 analysts. 2 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.
| Analyst | Institution |
|---|---|
| Andrew Simms | Arden Partners Plc. |
| Martin Young | Investec Bank plc (UK) |
| Max Campbell | Longspur Clean Energy |