Trainline Balance Sheet Health
Financial Health criteria checks 5/6
Trainline has a total shareholder equity of £312.0M and total debt of £140.8M, which brings its debt-to-equity ratio to 45.1%. Its total assets and total liabilities are £681.9M and £369.9M respectively. Trainline's EBIT is £57.8M making its interest coverage ratio 10.3. It has cash and short-term investments of £91.1M.
Key information
45.1%
Debt to equity ratio
UK£140.79m
Debt
Interest coverage ratio | 10.3x |
Cash | UK£91.09m |
Equity | UK£312.02m |
Total liabilities | UK£369.92m |
Total assets | UK£681.93m |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: 2T9A's short term assets (£150.3M) do not cover its short term liabilities (£221.8M).
Long Term Liabilities: 2T9A's short term assets (£150.3M) exceed its long term liabilities (£148.1M).
Debt to Equity History and Analysis
Debt Level: 2T9A's net debt to equity ratio (15.9%) is considered satisfactory.
Reducing Debt: 2T9A's debt to equity ratio has reduced from 122.1% to 45.1% over the past 5 years.
Debt Coverage: 2T9A's debt is well covered by operating cash flow (86.5%).
Interest Coverage: 2T9A's interest payments on its debt are well covered by EBIT (10.3x coverage).