Springfield Properties Balance Sheet Health
Financial Health criteria checks 2/6
Springfield Properties has a total shareholder equity of £151.2M and total debt of £99.7M, which brings its debt-to-equity ratio to 65.9%. Its total assets and total liabilities are £327.3M and £176.0M respectively. Springfield Properties's EBIT is £18.1M making its interest coverage ratio 2.7. It has cash and short-term investments of £10.1M.
Key information
65.9%
Debt to equity ratio
UK£99.70m
Debt
Interest coverage ratio | 2.7x |
Cash | UK£10.10m |
Equity | UK£151.25m |
Total liabilities | UK£176.03m |
Total assets | UK£327.27m |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: 9MZ's short term assets (£307.7M) exceed its short term liabilities (£44.0M).
Long Term Liabilities: 9MZ's short term assets (£307.7M) exceed its long term liabilities (£132.1M).
Debt to Equity History and Analysis
Debt Level: 9MZ's net debt to equity ratio (59.2%) is considered high.
Reducing Debt: 9MZ's debt to equity ratio has increased from 29.5% to 65.9% over the past 5 years.
Debt Coverage: 9MZ's operating cash flow is negative, therefore debt is not well covered.
Interest Coverage: 9MZ's interest payments on its debt are not well covered by EBIT (2.7x coverage).