Zotefoams Balance Sheet Health
Financial Health criteria checks 5/6
Zotefoams has a total shareholder equity of £115.8M and total debt of £36.5M, which brings its debt-to-equity ratio to 31.6%. Its total assets and total liabilities are £175.6M and £59.8M respectively. Zotefoams's EBIT is £15.0M making its interest coverage ratio 6.8. It has cash and short-term investments of £6.3M.
Key information
31.6%
Debt to equity ratio
UK£36.53m
Debt
| Interest coverage ratio | 6.8x |
| Cash | UK£6.29m |
| Equity | UK£115.76m |
| Total liabilities | UK£59.85m |
| Total assets | UK£175.61m |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: 23Z's short term assets (£72.5M) exceed its short term liabilities (£51.1M).
Long Term Liabilities: 23Z's short term assets (£72.5M) exceed its long term liabilities (£8.8M).
Debt to Equity History and Analysis
Debt Level: 23Z's net debt to equity ratio (26.1%) is considered satisfactory.
Reducing Debt: 23Z's debt to equity ratio has increased from 23.2% to 31.6% over the past 5 years.
Debt Coverage: 23Z's debt is well covered by operating cash flow (21.3%).
Interest Coverage: 23Z's interest payments on its debt are well covered by EBIT (6.8x coverage).