HSS Hire Group Balance Sheet Health
Financial Health criteria checks 6/6
HSS Hire Group has a total shareholder equity of £178.0M and total debt of £56.8M, which brings its debt-to-equity ratio to 31.9%. Its total assets and total liabilities are £401.9M and £223.8M respectively. HSS Hire Group's EBIT is £18.6M making its interest coverage ratio 1.9. It has cash and short-term investments of £38.2M.
Key information
31.9%
Debt to equity ratio
UK£56.84m
Debt
| Interest coverage ratio | 1.9x |
| Cash | UK£38.20m |
| Equity | UK£178.05m |
| Total liabilities | UK£223.81m |
| Total assets | UK£401.86m |
Recent financial health updates
Recent updates
Financial Position Analysis
Short Term Liabilities: HG3's short term assets (£121.2M) exceed its short term liabilities (£105.8M).
Long Term Liabilities: HG3's short term assets (£121.2M) exceed its long term liabilities (£118.0M).
Debt to Equity History and Analysis
Debt Level: HG3's net debt to equity ratio (10.5%) is considered satisfactory.
Reducing Debt: HG3's debt to equity ratio has reduced from 217.9% to 31.9% over the past 5 years.
Balance Sheet
Cash Runway Analysis
For companies that have on average been loss-making in the past, we assess whether they have at least 1 year of cash runway.
Stable Cash Runway: Whilst unprofitable HG3 has sufficient cash runway for more than 3 years if it maintains its current positive free cash flow level.
Forecast Cash Runway: HG3 is unprofitable but has sufficient cash runway for more than 3 years, due to free cash flow being positive and growing by 3.6% per year.