Manolete Partners Balance Sheet Health
Financial Health criteria checks 4/6
Manolete Partners has a total shareholder equity of £40.5M and total debt of £12.5M, which brings its debt-to-equity ratio to 30.8%. Its total assets and total liabilities are £70.6M and £30.0M respectively. Manolete Partners's EBIT is £1.6M making its interest coverage ratio 9.2. It has cash and short-term investments of £28.9M.
Key information
30.8%
Debt to equity ratio
UK£12.50m
Debt
| Interest coverage ratio | 9.2x |
| Cash | UK£28.89m |
| Equity | UK£40.53m |
| Total liabilities | UK£30.03m |
| Total assets | UK£70.56m |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: 2BE's short term assets (£46.1M) exceed its short term liabilities (£9.9M).
Long Term Liabilities: 2BE's short term assets (£46.1M) exceed its long term liabilities (£20.1M).
Debt to Equity History and Analysis
Debt Level: 2BE has more cash than its total debt.
Reducing Debt: 2BE's debt to equity ratio has increased from 0% to 30.8% over the past 5 years.
Debt Coverage: 2BE's debt is not well covered by operating cash flow (11.8%).
Interest Coverage: 2BE's interest payments on its debt are well covered by EBIT (9.2x coverage).