Burford Capital Balance Sheet Health
Financial Health criteria checks 3/6
Burford Capital has a total shareholder equity of $3.1B and total debt of $1.8B, which brings its debt-to-equity ratio to 58%. Its total assets and total liabilities are $6.0B and $2.9B respectively. Burford Capital's EBIT is $931.2M making its interest coverage ratio 8.4. It has cash and short-term investments of $585.5M.
Key information
58.0%
Debt to equity ratio
US$1.81b
Debt
Interest coverage ratio | 8.4x |
Cash | US$585.55m |
Equity | US$3.13b |
Total liabilities | US$2.89b |
Total assets | US$6.01b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: 9BFA's short term assets ($717.2M) exceed its short term liabilities ($41.3M).
Long Term Liabilities: 9BFA's short term assets ($717.2M) do not cover its long term liabilities ($2.8B).
Debt to Equity History and Analysis
Debt Level: 9BFA's net debt to equity ratio (39.2%) is considered satisfactory.
Reducing Debt: 9BFA's debt to equity ratio has increased from 40.7% to 58% over the past 5 years.
Debt Coverage: 9BFA's operating cash flow is negative, therefore debt is not well covered.
Interest Coverage: 9BFA's interest payments on its debt are well covered by EBIT (8.4x coverage).