Focusrite Balance Sheet Health
Financial Health criteria checks 5/6
Focusrite has a total shareholder equity of £118.3M and total debt of £36.2M, which brings its debt-to-equity ratio to 30.6%. Its total assets and total liabilities are £200.6M and £82.3M respectively. Focusrite's EBIT is £18.1M making its interest coverage ratio 26.7. It has cash and short-term investments of £8.9M.
Key information
30.6%
Debt to equity ratio
UK£36.23m
Debt
| Interest coverage ratio | 26.7x |
| Cash | UK£8.92m |
| Equity | UK£118.31m |
| Total liabilities | UK£82.29m |
| Total assets | UK£200.59m |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: 0FO's short term assets (£101.7M) exceed its short term liabilities (£66.4M).
Long Term Liabilities: 0FO's short term assets (£101.7M) exceed its long term liabilities (£15.9M).
Debt to Equity History and Analysis
Debt Level: 0FO's net debt to equity ratio (23.1%) is considered satisfactory.
Reducing Debt: 0FO's debt to equity ratio has increased from 0% to 30.6% over the past 5 years.
Debt Coverage: 0FO's debt is well covered by operating cash flow (29.4%).
Interest Coverage: 0FO's interest payments on its debt are well covered by EBIT (26.7x coverage).