Barratt Developments Balance Sheet Health
Financial Health criteria checks 6/6
Barratt Developments has a total shareholder equity of £5.4B and total debt of £200.3M, which brings its debt-to-equity ratio to 3.7%. Its total assets and total liabilities are £7.6B and £2.1B respectively. Barratt Developments's EBIT is £468.5M making its interest coverage ratio 93.7. It has cash and short-term investments of £949.9M.
Key information
3.7%
Debt to equity ratio
UK£200.30m
Debt
Interest coverage ratio | 93.7x |
Cash | UK£949.90m |
Equity | UK£5.44b |
Total liabilities | UK£2.14b |
Total assets | UK£7.58b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: 3BA's short term assets (£6.3B) exceed its short term liabilities (£1.3B).
Long Term Liabilities: 3BA's short term assets (£6.3B) exceed its long term liabilities (£864.0M).
Debt to Equity History and Analysis
Debt Level: 3BA has more cash than its total debt.
Reducing Debt: 3BA's debt to equity ratio has reduced from 4.4% to 3.7% over the past 5 years.
Debt Coverage: 3BA's debt is well covered by operating cash flow (96.5%).
Interest Coverage: 3BA's interest payments on its debt are well covered by EBIT (93.7x coverage).