Creightons Balance Sheet Health
Financial Health criteria checks 6/6
Creightons has a total shareholder equity of £25.9M and total debt of £6.0M, which brings its debt-to-equity ratio to 23.3%. Its total assets and total liabilities are £45.3M and £19.4M respectively. Creightons's EBIT is £1.8M making its interest coverage ratio 4. It has cash and short-term investments of £1.7M.
Key information
23.3%
Debt to equity ratio
UK£6.03m
Debt
Interest coverage ratio | 4x |
Cash | UK£1.68m |
Equity | UK£25.92m |
Total liabilities | UK£19.39m |
Total assets | UK£45.31m |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: 5K8's short term assets (£24.6M) exceed its short term liabilities (£12.6M).
Long Term Liabilities: 5K8's short term assets (£24.6M) exceed its long term liabilities (£6.8M).
Debt to Equity History and Analysis
Debt Level: 5K8's net debt to equity ratio (16.8%) is considered satisfactory.
Reducing Debt: 5K8's debt to equity ratio has reduced from 24.9% to 23.3% over the past 5 years.
Debt Coverage: 5K8's debt is well covered by operating cash flow (92.9%).
Interest Coverage: 5K8's interest payments on its debt are well covered by EBIT (4x coverage).