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.
Balance Sheet
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Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2024/12/17 11:57 |
| End of Day Share Price | 2024/12/17 00:00 |
| Earnings | 2024/05/05 |
| Annual Earnings | 2024/05/05 |
Data Sources
The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.
| Package | Data | Timeframe | Example US Source * |
|---|---|---|---|
| Company Financials | 10 years |
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| Analyst Consensus Estimates | +3 years |
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| Market Prices | 30 years |
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| Ownership | 10 years |
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| Management | 10 years |
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| Key Developments | 10 years |
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* example for US securities, for non-US equivalent regulatory forms and sources are used.
Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.
Analysis Model and Snowflake
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Industry and Sector Metrics
Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on .
Analyst Sources
TheWorks.co.uk plc is covered by 2 analysts. 1 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.
| Analyst | Institution |
|---|---|
| Kate Calvert | Investec Bank plc (UK) |
| Jonathan Pritchard | Peel Hunt LLP |