Smiths News Balance Sheet Health
Financial Health criteria checks 2/6
Smiths News has a total shareholder equity of £-13.9M and total debt of £25.6M, which brings its debt-to-equity ratio to -184.2%. Its total assets and total liabilities are £181.9M and £195.8M respectively. Smiths News's EBIT is £37.1M making its interest coverage ratio 6.2. It has cash and short-term investments of £16.5M.
Key information
-184.2%
Debt to equity ratio
UK£25.60m
Debt
| Interest coverage ratio | 6.2x |
| Cash | UK£16.50m |
| Equity | -UK£13.90m |
| Total liabilities | UK£195.80m |
| Total assets | UK£181.90m |
Recent financial health updates
Recent updates
Financial Position Analysis
Short Term Liabilities: T6N has negative shareholder equity, which is a more serious situation than short term assets not covering short term liabilities.
Long Term Liabilities: T6N has negative shareholder equity, which is a more serious situation than short term assets not covering long term liabilities.
Debt to Equity History and Analysis
Debt Level: T6N has negative shareholder equity, which is a more serious situation than a high debt level.
Reducing Debt: T6N's has negative shareholder equity, so we do not need to check if its debt has reduced over time.
Debt Coverage: T6N's debt is well covered by operating cash flow (155.1%).
Interest Coverage: T6N's interest payments on its debt are well covered by EBIT (6.2x coverage).