CVS Group Balance Sheet Health
Financial Health criteria checks 4/6
CVS Group has a total shareholder equity of £260.5M and total debt of £181.3M, which brings its debt-to-equity ratio to 69.6%. Its total assets and total liabilities are £690.0M and £429.5M respectively. CVS Group's EBIT is £50.8M making its interest coverage ratio 4. It has cash and short-term investments of £16.5M.
Key information
69.6%
Debt to equity ratio
UK£181.30m
Debt
| Interest coverage ratio | 4x |
| Cash | UK£16.50m |
| Equity | UK£260.50m |
| Total liabilities | UK£429.50m |
| Total assets | UK£690.00m |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: 4C9's short term assets (£128.6M) exceed its short term liabilities (£118.1M).
Long Term Liabilities: 4C9's short term assets (£128.6M) do not cover its long term liabilities (£311.4M).
Debt to Equity History and Analysis
Debt Level: 4C9's net debt to equity ratio (63.3%) is considered high.
Reducing Debt: 4C9's debt to equity ratio has reduced from 70.2% to 69.6% over the past 5 years.
Debt Coverage: 4C9's debt is well covered by operating cash flow (37.4%).
Interest Coverage: 4C9's interest payments on its debt are well covered by EBIT (4x coverage).