Future Balance Sheet Health
Financial Health criteria checks 3/6
Future has a total shareholder equity of £1.1B and total debt of £387.6M, which brings its debt-to-equity ratio to 34.8%. Its total assets and total liabilities are £1.9B and £766.6M respectively. Future's EBIT is £189.2M making its interest coverage ratio 5.4. It has cash and short-term investments of £60.3M.
Key information
34.8%
Debt to equity ratio
UK£387.60m
Debt
Interest coverage ratio | 5.4x |
Cash | UK£60.30m |
Equity | UK£1.11b |
Total liabilities | UK£766.60m |
Total assets | UK£1.88b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: FNWA's short term assets (£201.5M) do not cover its short term liabilities (£208.9M).
Long Term Liabilities: FNWA's short term assets (£201.5M) do not cover its long term liabilities (£557.7M).
Debt to Equity History and Analysis
Debt Level: FNWA's net debt to equity ratio (29.4%) is considered satisfactory.
Reducing Debt: FNWA's debt to equity ratio has increased from 14% to 34.8% over the past 5 years.
Debt Coverage: FNWA's debt is well covered by operating cash flow (47.2%).
Interest Coverage: FNWA's interest payments on its debt are well covered by EBIT (5.4x coverage).