Animalcare Group Balance Sheet Health
Financial Health criteria checks 6/6
Animalcare Group has a total shareholder equity of £77.9M and total debt of £2.9M, which brings its debt-to-equity ratio to 3.8%. Its total assets and total liabilities are £106.8M and £28.9M respectively. Animalcare Group's EBIT is £5.6M making its interest coverage ratio 10.8. It has cash and short-term investments of £4.6M.
Key information
3.8%
Debt to equity ratio
UK£2.93m
Debt
Interest coverage ratio | 10.8x |
Cash | UK£4.64m |
Equity | UK£77.90m |
Total liabilities | UK£28.90m |
Total assets | UK£106.79m |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: WQ7's short term assets (£29.4M) exceed its short term liabilities (£18.4M).
Long Term Liabilities: WQ7's short term assets (£29.4M) exceed its long term liabilities (£10.5M).
Debt to Equity History and Analysis
Debt Level: WQ7 has more cash than its total debt.
Reducing Debt: WQ7's debt to equity ratio has reduced from 36.5% to 3.8% over the past 5 years.
Debt Coverage: WQ7's debt is well covered by operating cash flow (372.6%).
Interest Coverage: WQ7's interest payments on its debt are well covered by EBIT (10.8x coverage).