Optima Health Balance Sheet Health
Financial Health criteria checks 4/6
Optima Health has a total shareholder equity of £127.6M and total debt of £55.1M, which brings its debt-to-equity ratio to 43.2%. Its total assets and total liabilities are £223.3M and £95.6M respectively. Optima Health's EBIT is £7.2M making its interest coverage ratio 53.7. It has cash and short-term investments of £21.1M.
Key information
43.2%
Debt to equity ratio
UK£55.08m
Debt
| Interest coverage ratio | 53.7x |
| Cash | UK£21.10m |
| Equity | UK£127.62m |
| Total liabilities | UK£95.64m |
| Total assets | UK£223.26m |
Recent financial health updates
No updates
Recent updates
No updates
Financial Position Analysis
Short Term Liabilities: J3N's short term assets (£38.7M) do not cover its short term liabilities (£79.2M).
Long Term Liabilities: J3N's short term assets (£38.7M) exceed its long term liabilities (£16.5M).
Debt to Equity History and Analysis
Debt Level: J3N's net debt to equity ratio (26.6%) is considered satisfactory.
Reducing Debt: Insufficient data to determine if J3N's debt to equity ratio has reduced over the past 5 years.
Debt Coverage: J3N's debt is well covered by operating cash flow (23.3%).
Interest Coverage: J3N's interest payments on its debt are well covered by EBIT (53.7x coverage).