Spire Healthcare Group Balance Sheet Health
Financial Health criteria checks 1/6
Spire Healthcare Group has a total shareholder equity of £738.7M and total debt of £366.4M, which brings its debt-to-equity ratio to 49.6%. Its total assets and total liabilities are £2.3B and £1.6B respectively. Spire Healthcare Group's EBIT is £133.7M making its interest coverage ratio 1.4. It has cash and short-term investments of £46.1M.
Key information
49.6%
Debt to equity ratio
UK£366.40m
Debt
| Interest coverage ratio | 1.4x |
| Cash | UK£46.10m |
| Equity | UK£738.70m |
| Total liabilities | UK£1.56b |
| Total assets | UK£2.30b |
Recent financial health updates
Recent updates
Financial Position Analysis
Short Term Liabilities: S00's short term assets (£234.5M) do not cover its short term liabilities (£334.7M).
Long Term Liabilities: S00's short term assets (£234.5M) do not cover its long term liabilities (£1.2B).
Debt to Equity History and Analysis
Debt Level: S00's net debt to equity ratio (43.4%) is considered high.
Reducing Debt: S00's debt to equity ratio has increased from 44.6% to 49.6% over the past 5 years.
Debt Coverage: S00's debt is well covered by operating cash flow (63%).
Interest Coverage: S00's interest payments on its debt are not well covered by EBIT (1.4x coverage).