Smart Metering Systems Balance Sheet Health
Financial Health criteria checks 5/6
Smart Metering Systems has a total shareholder equity of £510.9M and total debt of £141.5M, which brings its debt-to-equity ratio to 27.7%. Its total assets and total liabilities are £764.9M and £254.0M respectively. Smart Metering Systems's EBIT is £33.7M making its interest coverage ratio 4.8. It has cash and short-term investments of £45.3M.
Key information
27.7%
Debt to equity ratio
UK£141.54m
Debt
| Interest coverage ratio | 4.8x |
| Cash | UK£45.27m |
| Equity | UK£510.85m |
| Total liabilities | UK£254.04m |
| Total assets | UK£764.90m |
Recent financial health updates
Recent updates
Financial Position Analysis
Short Term Liabilities: SMC's short term assets (£147.3M) exceed its short term liabilities (£85.2M).
Long Term Liabilities: SMC's short term assets (£147.3M) do not cover its long term liabilities (£168.9M).
Debt to Equity History and Analysis
Debt Level: SMC's net debt to equity ratio (18.8%) is considered satisfactory.
Reducing Debt: SMC's debt to equity ratio has reduced from 64.6% to 27.7% over the past 5 years.
Debt Coverage: SMC's debt is well covered by operating cash flow (53.3%).
Interest Coverage: SMC's interest payments on its debt are well covered by EBIT (4.8x coverage).