Animalcare Group Balance Sheet Health
Financial Health criteria checks 6/6
Animalcare Group has a total shareholder equity of £97.4M and total debt of £1.9M, which brings its debt-to-equity ratio to 2%. Its total assets and total liabilities are £123.4M and £26.0M respectively. Animalcare Group's EBIT is £5.6M making its interest coverage ratio 9.9. It has cash and short-term investments of £34.8M.
Key information
2.0%
Debt to equity ratio
UK£1.90m
Debt
| Interest coverage ratio | 9.9x |
| Cash | UK£34.82m |
| Equity | UK£97.39m |
| Total liabilities | UK£26.01m |
| Total assets | UK£123.40m |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: WQ7's short term assets (£61.5M) exceed its short term liabilities (£18.8M).
Long Term Liabilities: WQ7's short term assets (£61.5M) exceed its long term liabilities (£7.2M).
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 29.2% to 2% over the past 5 years.
Debt Coverage: WQ7's debt is well covered by operating cash flow (682.6%).
Interest Coverage: WQ7's interest payments on its debt are well covered by EBIT (9.9x coverage).