Inchcape Balance Sheet Health
Financial Health criteria checks 3/6
Inchcape has a total shareholder equity of £1.6B and total debt of £3.2B, which brings its debt-to-equity ratio to 195.5%. Its total assets and total liabilities are £7.1B and £5.5B respectively. Inchcape's EBIT is £673.0M making its interest coverage ratio 4.3. It has cash and short-term investments of £689.0M.
Key information
195.5%
Debt to equity ratio
UK£3.17b
Debt
Interest coverage ratio | 4.3x |
Cash | UK£689.00m |
Equity | UK£1.62b |
Total liabilities | UK£5.52b |
Total assets | UK£7.14b |
Recent financial health updates
Recent updates
Financial Position Analysis
Short Term Liabilities: IJCA's short term assets (£4.4B) exceed its short term liabilities (£4.1B).
Long Term Liabilities: IJCA's short term assets (£4.4B) exceed its long term liabilities (£1.4B).
Debt to Equity History and Analysis
Debt Level: IJCA's net debt to equity ratio (153%) is considered high.
Reducing Debt: IJCA's debt to equity ratio has increased from 165.1% to 195.5% over the past 5 years.
Debt Coverage: IJCA's debt is not well covered by operating cash flow (18.7%).
Interest Coverage: IJCA's interest payments on its debt are well covered by EBIT (4.3x coverage).