WH Smith Balance Sheet Health

Financial Health criteria checks 2/6

WH Smith has a total shareholder equity of £446.0M and total debt of £427.0M, which brings its debt-to-equity ratio to 95.7%. Its total assets and total liabilities are £1.9B and £1.4B respectively. WH Smith's EBIT is £213.0M making its interest coverage ratio 4.1. It has cash and short-term investments of £56.0M.

Key information

95.7%

Debt to equity ratio

UK£427.00m

Debt

Interest coverage ratio4.1x
CashUK£56.00m
EquityUK£446.00m
Total liabilitiesUK£1.42b
Total assetsUK£1.87b

Recent financial health updates

No updates

Recent updates

Financial Position Analysis

Short Term Liabilities: 21Q's short term assets (£511.0M) do not cover its short term liabilities (£599.0M).

Long Term Liabilities: 21Q's short term assets (£511.0M) do not cover its long term liabilities (£824.0M).


Debt to Equity History and Analysis

Debt Level: 21Q's net debt to equity ratio (83.2%) is considered high.

Reducing Debt: 21Q's debt to equity ratio has increased from 90.7% to 95.7% over the past 5 years.

Debt Coverage: 21Q's debt is well covered by operating cash flow (64.4%).

Interest Coverage: 21Q's interest payments on its debt are well covered by EBIT (4.1x coverage).


Balance Sheet


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