Chemring Group Balance Sheet Health
Financial Health criteria checks 6/6
Chemring Group has a total shareholder equity of £350.9M and total debt of £73.5M, which brings its debt-to-equity ratio to 20.9%. Its total assets and total liabilities are £615.4M and £264.5M respectively. Chemring Group's EBIT is £69.9M making its interest coverage ratio 35. It has cash and short-term investments of £4.6M.
Key information
20.9%
Debt to equity ratio
UK£73.50m
Debt
| Interest coverage ratio | 35x |
| Cash | UK£4.60m |
| Equity | UK£350.90m |
| Total liabilities | UK£264.50m |
| Total assets | UK£615.40m |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: CMN1's short term assets (£221.8M) exceed its short term liabilities (£174.2M).
Long Term Liabilities: CMN1's short term assets (£221.8M) exceed its long term liabilities (£90.3M).
Debt to Equity History and Analysis
Debt Level: CMN1's net debt to equity ratio (19.6%) is considered satisfactory.
Reducing Debt: CMN1's debt to equity ratio has reduced from 31.9% to 20.9% over the past 5 years.
Debt Coverage: CMN1's debt is well covered by operating cash flow (92.5%).
Interest Coverage: CMN1's interest payments on its debt are well covered by EBIT (35x coverage).