Celtic Balance Sheet Health
Financial Health criteria checks 6/6
Celtic has a total shareholder equity of £108.2M and total debt of £4.3M, which brings its debt-to-equity ratio to 3.9%. Its total assets and total liabilities are £220.3M and £112.1M respectively. Celtic's EBIT is £15.8M making its interest coverage ratio -28.5. It has cash and short-term investments of £72.3M.
Key information
3.9%
Debt to equity ratio
UK£4.27m
Debt
Interest coverage ratio | -28.5x |
Cash | UK£72.29m |
Equity | UK£108.19m |
Total liabilities | UK£112.10m |
Total assets | UK£220.29m |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: CCP's short term assets (£121.4M) exceed its short term liabilities (£91.9M).
Long Term Liabilities: CCP's short term assets (£121.4M) exceed its long term liabilities (£20.2M).
Debt to Equity History and Analysis
Debt Level: CCP has more cash than its total debt.
Reducing Debt: CCP's debt to equity ratio has reduced from 14.8% to 3.9% over the past 5 years.
Debt Coverage: CCP's debt is well covered by operating cash flow (1018.9%).
Interest Coverage: CCP earns more interest than it pays, so coverage of interest payments is not a concern.