Smiths News Balance Sheet Health
Financial Health criteria checks 2/6
Smiths News has a total shareholder equity of £-3.3M and total debt of £17.6M, which brings its debt-to-equity ratio to -533.3%. Its total assets and total liabilities are £179.6M and £182.9M respectively. Smiths News's EBIT is £39.9M making its interest coverage ratio 7. It has cash and short-term investments of £7.0M.
Key information
-533.3%
Debt to equity ratio
UK£17.60m
Debt
| Interest coverage ratio | 7x |
| Cash | UK£7.00m |
| Equity | -UK£3.30m |
| Total liabilities | UK£182.90m |
| Total assets | UK£179.60m |
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 (127.3%).
Interest Coverage: T6N's interest payments on its debt are well covered by EBIT (7x coverage).