Judges Scientific Balance Sheet Health
Financial Health criteria checks 3/6
Judges Scientific has a total shareholder equity of £87.4M and total debt of £55.3M, which brings its debt-to-equity ratio to 63.3%. Its total assets and total liabilities are £183.6M and £96.2M respectively. Judges Scientific's EBIT is £21.8M making its interest coverage ratio 15.6. It has cash and short-term investments of £6.9M.
Key information
63.3%
Debt to equity ratio
UK£55.30m
Debt
| Interest coverage ratio | 15.6x |
| Cash | UK£6.90m |
| Equity | UK£87.40m |
| Total liabilities | UK£96.20m |
| Total assets | UK£183.60m |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: IUF's short term assets (£62.3M) exceed its short term liabilities (£31.6M).
Long Term Liabilities: IUF's short term assets (£62.3M) do not cover its long term liabilities (£64.6M).
Debt to Equity History and Analysis
Debt Level: IUF's net debt to equity ratio (55.4%) is considered high.
Reducing Debt: IUF's debt to equity ratio has increased from 37% to 63.3% over the past 5 years.
Debt Coverage: IUF's debt is well covered by operating cash flow (38.5%).
Interest Coverage: IUF's interest payments on its debt are well covered by EBIT (15.6x coverage).