Midwich Group Balance Sheet Health
Financial Health criteria checks 5/6
Midwich Group has a total shareholder equity of £196.1M and total debt of £138.7M, which brings its debt-to-equity ratio to 70.7%. Its total assets and total liabilities are £654.5M and £458.3M respectively. Midwich Group's EBIT is £43.1M making its interest coverage ratio 4.5. It has cash and short-term investments of £58.2M.
Key information
70.7%
Debt to equity ratio
UK£138.72m
Debt
Interest coverage ratio | 4.5x |
Cash | UK£58.17m |
Equity | UK£196.14m |
Total liabilities | UK£458.32m |
Total assets | UK£654.47m |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: 9S2's short term assets (£447.6M) exceed its short term liabilities (£313.9M).
Long Term Liabilities: 9S2's short term assets (£447.6M) exceed its long term liabilities (£144.4M).
Debt to Equity History and Analysis
Debt Level: 9S2's net debt to equity ratio (41.1%) is considered high.
Reducing Debt: 9S2's debt to equity ratio has reduced from 72.5% to 70.7% over the past 5 years.
Debt Coverage: 9S2's debt is well covered by operating cash flow (46%).
Interest Coverage: 9S2's interest payments on its debt are well covered by EBIT (4.5x coverage).