Knights Group Holdings Balance Sheet Health
Financial Health criteria checks 5/6
Knights Group Holdings has a total shareholder equity of £100.3M and total debt of £40.6M, which brings its debt-to-equity ratio to 40.5%. Its total assets and total liabilities are £219.1M and £118.8M respectively. Knights Group Holdings's EBIT is £16.9M making its interest coverage ratio -3.5. It has cash and short-term investments of £5.5M.
Key information
40.5%
Debt to equity ratio
UK£40.62m
Debt
| Interest coverage ratio | -3.5x |
| Cash | UK£5.45m |
| Equity | UK£100.26m |
| Total liabilities | UK£118.84m |
| Total assets | UK£219.10m |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: 77Q's short term assets (£79.1M) exceed its short term liabilities (£30.7M).
Long Term Liabilities: 77Q's short term assets (£79.1M) do not cover its long term liabilities (£88.1M).
Debt to Equity History and Analysis
Debt Level: 77Q's net debt to equity ratio (35.1%) is considered satisfactory.
Reducing Debt: 77Q's debt to equity ratio has reduced from 48.4% to 40.5% over the past 5 years.
Debt Coverage: 77Q's debt is well covered by operating cash flow (56.2%).
Interest Coverage: 77Q earns more interest than it pays, so coverage of interest payments is not a concern.