Greencore Group Balance Sheet Health
Financial Health criteria checks 5/6
Greencore Group has a total shareholder equity of £459.8M and total debt of £270.5M, which brings its debt-to-equity ratio to 58.8%. Its total assets and total liabilities are £1.3B and £837.9M respectively. Greencore Group's EBIT is £74.6M making its interest coverage ratio 4.1. It has cash and short-term investments of £117.0M.
Key information
58.8%
Debt to equity ratio
UK£270.50m
Debt
Interest coverage ratio | 4.1x |
Cash | UK£117.00m |
Equity | UK£459.80m |
Total liabilities | UK£837.90m |
Total assets | UK£1.30b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: GCG's short term assets (£424.5M) do not cover its short term liabilities (£618.4M).
Long Term Liabilities: GCG's short term assets (£424.5M) exceed its long term liabilities (£219.5M).
Debt to Equity History and Analysis
Debt Level: GCG's net debt to equity ratio (33.4%) is considered satisfactory.
Reducing Debt: GCG's debt to equity ratio has reduced from 74.2% to 58.8% over the past 5 years.
Debt Coverage: GCG's debt is well covered by operating cash flow (36.6%).
Interest Coverage: GCG's interest payments on its debt are well covered by EBIT (4.1x coverage).