Springfield Properties Plc

DB:9MZ Stock Report

Market Cap: €137.6m

Springfield Properties Balance Sheet Health

Financial Health criteria checks 5/6

Springfield Properties has a total shareholder equity of £158.2M and total debt of £54.8M, which brings its debt-to-equity ratio to 34.7%. Its total assets and total liabilities are £305.3M and £147.0M respectively. Springfield Properties's EBIT is £17.9M making its interest coverage ratio 2.4. It has cash and short-term investments of £14.9M.

Key information

34.7%

Debt to equity ratio

UK£54.84m

Debt

Interest coverage ratio2.4x
CashUK£14.94m
EquityUK£158.21m
Total liabilitiesUK£147.05m
Total assetsUK£305.25m

Recent financial health updates

No updates

Recent updates

Financial Position Analysis

Short Term Liabilities: 9MZ's short term assets (£285.6M) exceed its short term liabilities (£116.7M).

Long Term Liabilities: 9MZ's short term assets (£285.6M) exceed its long term liabilities (£30.3M).


Debt to Equity History and Analysis

Debt Level: 9MZ's net debt to equity ratio (25.2%) is considered satisfactory.

Reducing Debt: 9MZ's debt to equity ratio has reduced from 35% to 34.7% over the past 5 years.

Debt Coverage: 9MZ's debt is well covered by operating cash flow (77.8%).

Interest Coverage: 9MZ's interest payments on its debt are not well covered by EBIT (2.4x coverage).


Balance Sheet


Discover healthy companies