Ultimate Products Balance Sheet Health
Financial Health criteria checks 6/6
Ultimate Products has a total shareholder equity of £49.9M and total debt of £13.8M, which brings its debt-to-equity ratio to 27.6%. Its total assets and total liabilities are £105.9M and £56.0M respectively. Ultimate Products's EBIT is £17.2M making its interest coverage ratio 16.3. It has cash and short-term investments of £5.8M.
Key information
27.6%
Debt to equity ratio
UK£13.78m
Debt
Interest coverage ratio | 16.3x |
Cash | UK£5.78m |
Equity | UK£49.90m |
Total liabilities | UK£56.03m |
Total assets | UK£105.93m |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: 3DJ's short term assets (£60.9M) exceed its short term liabilities (£45.0M).
Long Term Liabilities: 3DJ's short term assets (£60.9M) exceed its long term liabilities (£11.0M).
Debt to Equity History and Analysis
Debt Level: 3DJ's net debt to equity ratio (16%) is considered satisfactory.
Reducing Debt: 3DJ's debt to equity ratio has reduced from 134.5% to 27.6% over the past 5 years.
Debt Coverage: 3DJ's debt is well covered by operating cash flow (156.5%).
Interest Coverage: 3DJ's interest payments on its debt are well covered by EBIT (16.3x coverage).