Serica Energy Balance Sheet Health
Financial Health criteria checks 5/6
Serica Energy has a total shareholder equity of £655.3M and total debt of £213.0M, which brings its debt-to-equity ratio to 32.5%. Its total assets and total liabilities are £1.2B and £582.8M respectively. Serica Energy's EBIT is £297.9M making its interest coverage ratio 1323.9. It has cash and short-term investments of £263.5M.
Key information
32.5%
Debt to equity ratio
UK£213.04m
Debt
Interest coverage ratio | 1323.9x |
Cash | UK£263.49m |
Equity | UK£655.26m |
Total liabilities | UK£582.80m |
Total assets | UK£1.24b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: A3P's short term assets (£440.5M) exceed its short term liabilities (£200.8M).
Long Term Liabilities: A3P's short term assets (£440.5M) exceed its long term liabilities (£382.0M).
Debt to Equity History and Analysis
Debt Level: A3P has more cash than its total debt.
Reducing Debt: A3P's debt to equity ratio has increased from 12.1% to 32.5% over the past 5 years.
Debt Coverage: A3P's debt is well covered by operating cash flow (46%).
Interest Coverage: A3P's interest payments on its debt are well covered by EBIT (1323.9x coverage).