Next 15 Group Balance Sheet Health
Financial Health criteria checks 4/6
Next 15 Group has a total shareholder equity of £169.9M and total debt of £104.8M, which brings its debt-to-equity ratio to 61.7%. Its total assets and total liabilities are £589.6M and £419.6M respectively. Next 15 Group's EBIT is £84.1M making its interest coverage ratio 16.4. It has cash and short-term investments of £30.0M.
Key information
61.7%
Debt to equity ratio
UK£104.79m
Debt
| Interest coverage ratio | 16.4x |
| Cash | UK£30.02m |
| Equity | UK£169.91m |
| Total liabilities | UK£419.65m |
| Total assets | UK£589.56m |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: 8LS's short term assets (£224.2M) exceed its short term liabilities (£220.2M).
Long Term Liabilities: 8LS's short term assets (£224.2M) exceed its long term liabilities (£199.5M).
Debt to Equity History and Analysis
Debt Level: 8LS's net debt to equity ratio (44%) is considered high.
Reducing Debt: 8LS's debt to equity ratio has increased from 22.4% to 61.7% over the past 5 years.
Debt Coverage: 8LS's debt is well covered by operating cash flow (69.9%).
Interest Coverage: 8LS's interest payments on its debt are well covered by EBIT (16.4x coverage).