Britvic Balance Sheet Health
Financial Health criteria checks 3/6
Britvic has a total shareholder equity of £320.7M and total debt of £742.7M, which brings its debt-to-equity ratio to 231.6%. Its total assets and total liabilities are £1.9B and £1.5B respectively. Britvic's EBIT is £193.9M making its interest coverage ratio 6.9. It has cash and short-term investments of £38.2M.
Key information
231.6%
Debt to equity ratio
UK£742.70m
Debt
| Interest coverage ratio | 6.9x |
| Cash | UK£38.20m |
| Equity | UK£320.70m |
| Total liabilities | UK£1.54b |
| Total assets | UK£1.86b |
Recent financial health updates
Recent updates
Financial Position Analysis
Short Term Liabilities: B6S's short term assets (£710.2M) exceed its short term liabilities (£685.3M).
Long Term Liabilities: B6S's short term assets (£710.2M) do not cover its long term liabilities (£855.9M).
Debt to Equity History and Analysis
Debt Level: B6S's net debt to equity ratio (219.7%) is considered high.
Reducing Debt: B6S's debt to equity ratio has increased from 206.6% to 231.6% over the past 5 years.
Debt Coverage: B6S's debt is well covered by operating cash flow (30.6%).
Interest Coverage: B6S's interest payments on its debt are well covered by EBIT (6.9x coverage).