Reach Balance Sheet Health
Financial Health criteria checks 4/6
Reach has a total shareholder equity of £637.2M and total debt of £30.0M, which brings its debt-to-equity ratio to 4.7%. Its total assets and total liabilities are £1.2B and £582.1M respectively. Reach's EBIT is £82.5M making its interest coverage ratio 23.6. It has cash and short-term investments of £19.9M.
Key information
4.7%
Debt to equity ratio
UK£30.00m
Debt
Interest coverage ratio | 23.6x |
Cash | UK£19.90m |
Equity | UK£637.20m |
Total liabilities | UK£582.10m |
Total assets | UK£1.22b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: MRR's short term assets (£135.5M) do not cover its short term liabilities (£157.0M).
Long Term Liabilities: MRR's short term assets (£135.5M) do not cover its long term liabilities (£425.1M).
Debt to Equity History and Analysis
Debt Level: MRR's net debt to equity ratio (1.6%) is considered satisfactory.
Reducing Debt: MRR's debt to equity ratio has reduced from 10.7% to 4.7% over the past 5 years.
Debt Coverage: MRR's debt is well covered by operating cash flow (53%).
Interest Coverage: MRR's interest payments on its debt are well covered by EBIT (23.6x coverage).