Law Debenture Balance Sheet Health
Financial Health criteria checks 4/6
Law Debenture has a total shareholder equity of £913.2M and total debt of £163.9M, which brings its debt-to-equity ratio to 17.9%. Its total assets and total liabilities are £1.1B and £197.1M respectively. Law Debenture's EBIT is £149.1M making its interest coverage ratio 21.9. It has cash and short-term investments of £27.3M.
Key information
17.9%
Debt to equity ratio
UK£163.91m
Debt
| Interest coverage ratio | 21.9x |
| Cash | UK£27.26m |
| Equity | UK£913.16m |
| Total liabilities | UK£197.11m |
| Total assets | UK£1.11b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: 1R4's short term assets (£73.8M) exceed its short term liabilities (£24.5M).
Long Term Liabilities: 1R4's short term assets (£73.8M) do not cover its long term liabilities (£172.6M).
Debt to Equity History and Analysis
Debt Level: 1R4's net debt to equity ratio (15%) is considered satisfactory.
Reducing Debt: 1R4's debt to equity ratio has increased from 15.6% to 17.9% over the past 5 years.
Debt Coverage: 1R4's debt is well covered by operating cash flow (27.5%).
Interest Coverage: 1R4's interest payments on its debt are well covered by EBIT (21.9x coverage).