Chemring Group Balance Sheet Health
Financial Health criteria checks 6/6
Chemring Group has a total shareholder equity of £378.5M and total debt of £14.2M, which brings its debt-to-equity ratio to 3.8%. Its total assets and total liabilities are £596.4M and £217.9M respectively. Chemring Group's EBIT is £69.7M making its interest coverage ratio 99.6. It has cash and short-term investments of £6.4M.
Key information
3.8%
Debt to equity ratio
UK£14.20m
Debt
Interest coverage ratio | 99.6x |
Cash | UK£6.40m |
Equity | UK£378.50m |
Total liabilities | UK£217.90m |
Total assets | UK£596.40m |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: CMN1's short term assets (£183.7M) exceed its short term liabilities (£142.1M).
Long Term Liabilities: CMN1's short term assets (£183.7M) exceed its long term liabilities (£75.8M).
Debt to Equity History and Analysis
Debt Level: CMN1's net debt to equity ratio (2.1%) is considered satisfactory.
Reducing Debt: CMN1's debt to equity ratio has reduced from 31.1% to 3.8% over the past 5 years.
Debt Coverage: CMN1's debt is well covered by operating cash flow (464.1%).
Interest Coverage: CMN1's interest payments on its debt are well covered by EBIT (99.6x coverage).