Kitwave Group Balance Sheet Health
Financial Health criteria checks 5/6
Kitwave Group has a total shareholder equity of £85.0M and total debt of £53.1M, which brings its debt-to-equity ratio to 62.5%. Its total assets and total liabilities are £268.2M and £183.2M respectively. Kitwave Group's EBIT is £28.3M making its interest coverage ratio 5.7. It has cash and short-term investments of £5.0M.
Key information
62.5%
Debt to equity ratio
UK£53.13m
Debt
| Interest coverage ratio | 5.7x |
| Cash | UK£5.02m |
| Equity | UK£85.01m |
| Total liabilities | UK£183.16m |
| Total assets | UK£268.17m |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: 8R9's short term assets (£134.5M) exceed its short term liabilities (£132.1M).
Long Term Liabilities: 8R9's short term assets (£134.5M) exceed its long term liabilities (£51.1M).
Debt to Equity History and Analysis
Debt Level: 8R9's net debt to equity ratio (56.6%) is considered high.
Reducing Debt: 8R9 had negative shareholder equity 5 years ago, but is now positive and has therefore improved.
Debt Coverage: 8R9's debt is well covered by operating cash flow (58.3%).
Interest Coverage: 8R9's interest payments on its debt are well covered by EBIT (5.7x coverage).