SSP Group Balance Sheet Health
Financial Health criteria checks 1/6
SSP Group has a total shareholder equity of £322.1M and total debt of £695.4M, which brings its debt-to-equity ratio to 215.9%. Its total assets and total liabilities are £2.9B and £2.6B respectively. SSP Group's EBIT is £199.8M making its interest coverage ratio 2.2. It has cash and short-term investments of £303.3M.
Key information
215.9%
Debt to equity ratio
UK£695.40m
Debt
Interest coverage ratio | 2.2x |
Cash | UK£303.30m |
Equity | UK£322.10m |
Total liabilities | UK£2.58b |
Total assets | UK£2.90b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: 83S2's short term assets (£510.3M) do not cover its short term liabilities (£1.1B).
Long Term Liabilities: 83S2's short term assets (£510.3M) do not cover its long term liabilities (£1.5B).
Debt to Equity History and Analysis
Debt Level: 83S2's net debt to equity ratio (121.7%) is considered high.
Reducing Debt: 83S2's debt to equity ratio has increased from 106.7% to 215.9% over the past 5 years.
Debt Coverage: 83S2's debt is well covered by operating cash flow (68.8%).
Interest Coverage: 83S2's interest payments on its debt are not well covered by EBIT (2.2x coverage).