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Biffa Balance Sheet Health
Financial Health criteria checks 2/6
Key information
71.5%
Debt to equity ratio
UK£359.30m
Debt
| Interest coverage ratio | 2.7x |
| Cash | UK£43.60m |
| Equity | UK£502.50m |
| Total liabilities | UK£1.24b |
| Total assets | UK£1.74b |
Recent financial health updates
Recent updates
Financial Position Analysis
Short Term Liabilities: 86B's short term assets (£426.0M) do not cover its short term liabilities (£511.8M).
Long Term Liabilities: 86B's short term assets (£426.0M) do not cover its long term liabilities (£726.4M).
Debt to Equity History and Analysis
Debt Level: 86B's net debt to equity ratio (62.8%) is considered high.
Reducing Debt: 86B's debt to equity ratio has reduced from 76.7% to 71.5% over the past 5 years.
Debt Coverage: 86B's debt is well covered by operating cash flow (42.9%).
Interest Coverage: 86B's interest payments on its debt are not well covered by EBIT (2.7x coverage).