Admiral Group Balance Sheet Health
Financial Health criteria checks 4/6
Admiral Group has a total shareholder equity of £992.8M and total debt of £1.1B, which brings its debt-to-equity ratio to 113.8%. Its total assets and total liabilities are £7.1B and £6.1B respectively. Admiral Group's EBIT is £489.7M making its interest coverage ratio 10.4. It has cash and short-term investments of £1.3B.
Key information
113.8%
Debt to equity ratio
UK£1.13b
Debt
Interest coverage ratio | 10.4x |
Cash | UK£1.27b |
Equity | UK£992.80m |
Total liabilities | UK£6.10b |
Total assets | UK£7.10b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: FLN's short term assets (£2.9B) exceed its short term liabilities (£180.0M).
Long Term Liabilities: FLN's short term assets (£2.9B) do not cover its long term liabilities (£5.9B).
Debt to Equity History and Analysis
Debt Level: FLN has more cash than its total debt.
Reducing Debt: FLN's debt to equity ratio has increased from 57.6% to 113.8% over the past 5 years.
Debt Coverage: FLN's debt is well covered by operating cash flow (24.7%).
Interest Coverage: FLN's interest payments on its debt are well covered by EBIT (10.4x coverage).