Sorted Group Holdings Balance Sheet Health
Financial Health criteria checks 2/6
Sorted Group Holdings has a total shareholder equity of £1.6M and total debt of £4.4M, which brings its debt-to-equity ratio to 274.2%. Its total assets and total liabilities are £10.0M and £8.4M respectively. Sorted Group Holdings's EBIT is £2.7M making its interest coverage ratio 21.4. It has cash and short-term investments of £2.3M.
Key information
274.2%
Debt to equity ratio
UK£4.43m
Debt
| Interest coverage ratio | 21.4x |
| Cash | UK£2.34m |
| Equity | UK£1.61m |
| Total liabilities | UK£8.36m |
| Total assets | UK£9.98m |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: 59L's short term assets (£3.6M) do not cover its short term liabilities (£3.9M).
Long Term Liabilities: 59L's short term assets (£3.6M) do not cover its long term liabilities (£4.4M).
Debt to Equity History and Analysis
Debt Level: 59L's net debt to equity ratio (129.2%) is considered high.
Reducing Debt: 59L's debt to equity ratio has increased from 0% to 274.2% over the past 5 years.
Debt Coverage: 59L's debt is well covered by operating cash flow (35%).
Interest Coverage: 59L's interest payments on its debt are well covered by EBIT (21.4x coverage).