Braime Group Balance Sheet Health
Financial Health criteria checks 5/6
Braime Group has a total shareholder equity of £20.8M and total debt of £6.2M, which brings its debt-to-equity ratio to 29.9%. Its total assets and total liabilities are £34.2M and £13.3M respectively. Braime Group's EBIT is £3.7M making its interest coverage ratio 9.1. It has cash and short-term investments of £2.3M.
Key information
29.9%
Debt to equity ratio
UK£6.23m
Debt
Interest coverage ratio | 9.1x |
Cash | UK£2.31m |
Equity | UK£20.84m |
Total liabilities | UK£13.32m |
Total assets | UK£34.16m |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: BMTO's short term assets (£22.9M) exceed its short term liabilities (£11.0M).
Long Term Liabilities: BMTO's short term assets (£22.9M) exceed its long term liabilities (£2.4M).
Debt to Equity History and Analysis
Debt Level: BMTO's net debt to equity ratio (18.8%) is considered satisfactory.
Reducing Debt: BMTO's debt to equity ratio has increased from 26.3% to 29.9% over the past 5 years.
Debt Coverage: BMTO's debt is well covered by operating cash flow (51.9%).
Interest Coverage: BMTO's interest payments on its debt are well covered by EBIT (9.1x coverage).