Castings Balance Sheet Health
Financial Health criteria checks 6/6
Castings has a total shareholder equity of £126.6M and total debt of £0.0, which brings its debt-to-equity ratio to 0%. Its total assets and total liabilities are £166.1M and £39.5M respectively. Castings's EBIT is £18.6M making its interest coverage ratio -21. It has cash and short-term investments of £31.3M.
Key information
0%
Debt to equity ratio
UK£0
Debt
Interest coverage ratio | -21x |
Cash | UK£31.26m |
Equity | UK£126.62m |
Total liabilities | UK£39.53m |
Total assets | UK£166.15m |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: 9Z9's short term assets (£104.6M) exceed its short term liabilities (£33.6M).
Long Term Liabilities: 9Z9's short term assets (£104.6M) exceed its long term liabilities (£5.9M).
Debt to Equity History and Analysis
Debt Level: 9Z9 is debt free.
Reducing Debt: 9Z9 has not had any debt for past 5 years.
Debt Coverage: 9Z9 has no debt, therefore it does not need to be covered by operating cash flow.
Interest Coverage: 9Z9 has no debt, therefore coverage of interest payments is not a concern.