WH Smith Balance Sheet Health
Financial Health criteria checks 2/6
WH Smith has a total shareholder equity of £332.0M and total debt of £481.0M, which brings its debt-to-equity ratio to 144.9%. Its total assets and total liabilities are £1.7B and £1.4B respectively. WH Smith's EBIT is £177.0M making its interest coverage ratio 3.6. It has cash and short-term investments of £44.0M.
Key information
144.9%
Debt to equity ratio
UK£481.00m
Debt
| Interest coverage ratio | 3.6x |
| Cash | UK£44.00m |
| Equity | UK£332.00m |
| Total liabilities | UK£1.37b |
| Total assets | UK£1.70b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: 21Q's short term assets (£365.0M) do not cover its short term liabilities (£571.0M).
Long Term Liabilities: 21Q's short term assets (£365.0M) do not cover its long term liabilities (£798.0M).
Debt to Equity History and Analysis
Debt Level: 21Q's net debt to equity ratio (131.6%) is considered high.
Reducing Debt: 21Q's debt to equity ratio has increased from 136.7% to 144.9% over the past 5 years.
Debt Coverage: 21Q's debt is well covered by operating cash flow (54.5%).
Interest Coverage: 21Q's interest payments on its debt are well covered by EBIT (3.6x coverage).