Finsbury Food Group Balance Sheet Health
Financial Health criteria checks 5/6
Finsbury Food Group has a total shareholder equity of £126.6M and total debt of £31.8M, which brings its debt-to-equity ratio to 25.1%. Its total assets and total liabilities are £261.7M and £135.1M respectively. Finsbury Food Group's EBIT is £20.7M making its interest coverage ratio 19.5. It has cash and short-term investments of £11.2M.
Key information
25.1%
Debt to equity ratio
UK£31.79m
Debt
| Interest coverage ratio | 19.5x |
| Cash | UK£11.19m |
| Equity | UK£126.57m |
| Total liabilities | UK£135.11m |
| Total assets | UK£261.67m |
Recent financial health updates
Recent updates
Financial Position Analysis
Short Term Liabilities: GYZ's short term assets (£100.5M) exceed its short term liabilities (£79.9M).
Long Term Liabilities: GYZ's short term assets (£100.5M) exceed its long term liabilities (£55.2M).
Debt to Equity History and Analysis
Debt Level: GYZ's net debt to equity ratio (16.3%) is considered satisfactory.
Reducing Debt: GYZ's debt to equity ratio has increased from 23.4% to 25.1% over the past 5 years.
Debt Coverage: GYZ's debt is well covered by operating cash flow (64%).
Interest Coverage: GYZ's interest payments on its debt are well covered by EBIT (19.5x coverage).