Serco Group Balance Sheet Health
Financial Health criteria checks 5/6
Serco Group has a total shareholder equity of £994.7M and total debt of £273.3M, which brings its debt-to-equity ratio to 27.5%. Its total assets and total liabilities are £2.8B and £1.8B respectively. Serco Group's EBIT is £191.2M making its interest coverage ratio 8.2. It has cash and short-term investments of £142.4M.
Key information
27.5%
Debt to equity ratio
UK£273.30m
Debt
| Interest coverage ratio | 8.2x |
| Cash | UK£142.40m |
| Equity | UK£994.70m |
| Total liabilities | UK£1.76b |
| Total assets | UK£2.76b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: SEO's short term assets (£842.7M) do not cover its short term liabilities (£924.5M).
Long Term Liabilities: SEO's short term assets (£842.7M) exceed its long term liabilities (£836.3M).
Debt to Equity History and Analysis
Debt Level: SEO's net debt to equity ratio (13.2%) is considered satisfactory.
Reducing Debt: SEO's debt to equity ratio has reduced from 45.2% to 27.5% over the past 5 years.
Debt Coverage: SEO's debt is well covered by operating cash flow (136.6%).
Interest Coverage: SEO's interest payments on its debt are well covered by EBIT (8.2x coverage).