Strix Group Balance Sheet Health
Financial Health criteria checks 4/6
Strix Group has a total shareholder equity of £43.0M and total debt of £105.8M, which brings its debt-to-equity ratio to 245.9%. Its total assets and total liabilities are £194.1M and £151.0M respectively. Strix Group's EBIT is £32.1M making its interest coverage ratio 3.2. It has cash and short-term investments of £20.1M.
Key information
245.9%
Debt to equity ratio
UK£105.81m
Debt
Interest coverage ratio | 3.2x |
Cash | UK£20.11m |
Equity | UK£43.03m |
Total liabilities | UK£151.05m |
Total assets | UK£194.08m |
Recent financial health updates
Recent updates
Financial Position Analysis
Short Term Liabilities: SG9's short term assets (£73.5M) exceed its short term liabilities (£46.5M).
Long Term Liabilities: SG9's short term assets (£73.5M) do not cover its long term liabilities (£104.5M).
Debt to Equity History and Analysis
Debt Level: SG9's net debt to equity ratio (199.1%) is considered high.
Reducing Debt: SG9 had negative shareholder equity 5 years ago, but is now positive and has therefore improved.
Debt Coverage: SG9's debt is well covered by operating cash flow (35.5%).
Interest Coverage: SG9's interest payments on its debt are well covered by EBIT (3.2x coverage).