QinetiQ Group Balance Sheet Health
Financial Health criteria checks 5/6
QinetiQ Group has a total shareholder equity of £995.7M and total debt of £339.7M, which brings its debt-to-equity ratio to 34.1%. Its total assets and total liabilities are £2.0B and £1.0B respectively. QinetiQ Group's EBIT is £138.2M making its interest coverage ratio 10.4. It has cash and short-term investments of £104.0M.
Key information
34.1%
Debt to equity ratio
UK£339.70m
Debt
Interest coverage ratio | 10.4x |
Cash | UK£104.00m |
Equity | UK£995.70m |
Total liabilities | UK£1.05b |
Total assets | UK£2.05b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: QY6's short term assets (£641.6M) exceed its short term liabilities (£518.2M).
Long Term Liabilities: QY6's short term assets (£641.6M) exceed its long term liabilities (£531.2M).
Debt to Equity History and Analysis
Debt Level: QY6's net debt to equity ratio (23.7%) is considered satisfactory.
Reducing Debt: QY6's debt to equity ratio has increased from 0% to 34.1% over the past 5 years.
Debt Coverage: QY6's debt is well covered by operating cash flow (47.3%).
Interest Coverage: QY6's interest payments on its debt are well covered by EBIT (10.4x coverage).