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 ratio | 2.4x |
Cash | UK£14.94m |
Equity | UK£158.21m |
Total liabilities | UK£147.05m |
Total assets | UK£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).