Tate & Lyle Balance Sheet Health
Financial Health criteria checks 5/6
Tate & Lyle has a total shareholder equity of £1.2B and total debt of £544.0M, which brings its debt-to-equity ratio to 43.9%. Its total assets and total liabilities are £2.3B and £1.0B respectively. Tate & Lyle's EBIT is £231.0M making its interest coverage ratio 77. It has cash and short-term investments of £437.0M.
Key information
43.9%
Debt to equity ratio
UK£544.00m
Debt
Interest coverage ratio | 77x |
Cash | UK£437.00m |
Equity | UK£1.24b |
Total liabilities | UK£1.04b |
Total assets | UK£2.28b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: TLYB's short term assets (£1.1B) exceed its short term liabilities (£338.0M).
Long Term Liabilities: TLYB's short term assets (£1.1B) exceed its long term liabilities (£705.0M).
Debt to Equity History and Analysis
Debt Level: TLYB's net debt to equity ratio (8.6%) is considered satisfactory.
Reducing Debt: TLYB's debt to equity ratio has increased from 39.4% to 43.9% over the past 5 years.
Debt Coverage: TLYB's debt is well covered by operating cash flow (38.2%).
Interest Coverage: TLYB's interest payments on its debt are well covered by EBIT (77x coverage).