TheWorks.co.uk Balance Sheet Health
Financial Health criteria checks 4/6
TheWorks.co.uk has a total shareholder equity of £10.1M and total debt of £0.0, which brings its debt-to-equity ratio to 0%. Its total assets and total liabilities are £118.8M and £108.7M respectively. TheWorks.co.uk's EBIT is £10.0M making its interest coverage ratio 2.2. It has cash and short-term investments of £1.6M.
Key information
0%
Debt to equity ratio
UK£0
Debt
| Interest coverage ratio | 2.2x |
| Cash | UK£1.62m |
| Equity | UK£10.09m |
| Total liabilities | UK£108.73m |
| Total assets | UK£118.82m |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: 6EU's short term assets (£42.9M) do not cover its short term liabilities (£50.4M).
Long Term Liabilities: 6EU's short term assets (£42.9M) do not cover its long term liabilities (£58.3M).
Debt to Equity History and Analysis
Debt Level: 6EU is debt free.
Reducing Debt: 6EU has no debt compared to 5 years ago when its debt to equity ratio was 3%.
Debt Coverage: 6EU has no debt, therefore it does not need to be covered by operating cash flow.
Interest Coverage: 6EU has no debt, therefore coverage of interest payments is not a concern.