Telecom Plus Balance Sheet Health
Financial Health criteria checks 4/6
Telecom Plus has a total shareholder equity of £228.0M and total debt of £181.9M, which brings its debt-to-equity ratio to 79.8%. Its total assets and total liabilities are £609.8M and £381.9M respectively. Telecom Plus's EBIT is £113.3M making its interest coverage ratio 12.1. It has cash and short-term investments of £70.8M.
Key information
79.8%
Debt to equity ratio
UK£181.89m
Debt
| Interest coverage ratio | 12.1x |
| Cash | UK£70.82m |
| Equity | UK£227.96m |
| Total liabilities | UK£381.87m |
| Total assets | UK£609.82m |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: T8T's short term assets (£377.0M) exceed its short term liabilities (£195.9M).
Long Term Liabilities: T8T's short term assets (£377.0M) exceed its long term liabilities (£186.0M).
Debt to Equity History and Analysis
Debt Level: T8T's net debt to equity ratio (48.7%) is considered high.
Reducing Debt: T8T's debt to equity ratio has increased from 31.6% to 79.8% over the past 5 years.
Debt Coverage: T8T's debt is well covered by operating cash flow (35%).
Interest Coverage: T8T's interest payments on its debt are well covered by EBIT (12.1x coverage).