Literacy Capital Balance Sheet Health
Financial Health criteria checks 2/6
Literacy Capital has a total shareholder equity of £314.7M and total debt of £6.5M, which brings its debt-to-equity ratio to 2.1%. Its total assets and total liabilities are £326.9M and £12.3M respectively. Literacy Capital's EBIT is £25.1M making its interest coverage ratio 17.1. It has cash and short-term investments of £1.4M.
Key information
2.1%
Debt to equity ratio
UK£6.51m
Debt
| Interest coverage ratio | 17.1x |
| Cash | UK£1.41m |
| Equity | UK£314.69m |
| Total liabilities | UK£12.25m |
| Total assets | UK£326.94m |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: 26W's short term assets (£1.6M) do not cover its short term liabilities (£10.2M).
Long Term Liabilities: 26W's short term assets (£1.6M) do not cover its long term liabilities (£2.0M).
Debt to Equity History and Analysis
Debt Level: 26W's net debt to equity ratio (1.6%) is considered satisfactory.
Reducing Debt: 26W's debt to equity ratio has increased from 0% to 2.1% over the past 5 years.
Debt Coverage: 26W's operating cash flow is negative, therefore debt is not well covered.
Interest Coverage: 26W's interest payments on its debt are well covered by EBIT (17.1x coverage).