HSS Hire Group Balance Sheet Health
Financial Health criteria checks 4/6
HSS Hire Group has a total shareholder equity of £187.7M and total debt of £68.9M, which brings its debt-to-equity ratio to 36.7%. Its total assets and total liabilities are £433.0M and £245.3M respectively. HSS Hire Group's EBIT is £26.6M making its interest coverage ratio 2.9. It has cash and short-term investments of £36.6M.
Key information
36.7%
Debt to equity ratio
UK£68.87m
Debt
Interest coverage ratio | 2.9x |
Cash | UK£36.62m |
Equity | UK£187.67m |
Total liabilities | UK£245.30m |
Total assets | UK£432.97m |
Recent financial health updates
Recent updates
Financial Position Analysis
Short Term Liabilities: HG3's short term assets (£126.3M) exceed its short term liabilities (£104.2M).
Long Term Liabilities: HG3's short term assets (£126.3M) do not cover its long term liabilities (£141.1M).
Debt to Equity History and Analysis
Debt Level: HG3's net debt to equity ratio (17.2%) is considered satisfactory.
Reducing Debt: HG3's debt to equity ratio has reduced from 303.6% to 36.7% over the past 5 years.
Debt Coverage: HG3's debt is well covered by operating cash flow (41.3%).
Interest Coverage: HG3's interest payments on its debt are not well covered by EBIT (2.9x coverage).