Pets at Home Group Balance Sheet Health
Financial Health criteria checks 4/6
Pets at Home Group has a total shareholder equity of £974.6M and total debt of £46.0M, which brings its debt-to-equity ratio to 4.7%. Its total assets and total liabilities are £1.7B and £704.5M respectively. Pets at Home Group's EBIT is £140.0M making its interest coverage ratio 9.3. It has cash and short-term investments of £40.0M.
Key information
0.3%
Debt to equity ratio
UK£2.80m
Debt
| Interest coverage ratio | 10.3x |
| Cash | UK£40.00m |
| Equity | UK£974.60m |
| Total liabilities | UK£704.50m |
| Total assets | UK£1.68b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: 6P8's short term assets (£219.8M) do not cover its short term liabilities (£364.0M).
Long Term Liabilities: 6P8's short term assets (£219.8M) do not cover its long term liabilities (£340.5M).
Debt to Equity History and Analysis
Debt Level: 6P8's net debt to equity ratio (0.6%) is considered satisfactory.
Reducing Debt: 6P8's debt to equity ratio has reduced from 19.8% to 4.7% over the past 5 years.
Debt Coverage: 6P8's debt is well covered by operating cash flow (462.2%).
Interest Coverage: 6P8's interest payments on its debt are well covered by EBIT (9.3x coverage).