Hercules Site Services Balance Sheet Health
Financial Health criteria checks 3/6
Hercules Site Services has a total shareholder equity of £8.7M and total debt of £10.0M, which brings its debt-to-equity ratio to 115%. Its total assets and total liabilities are £47.7M and £39.0M respectively. Hercules Site Services's EBIT is £2.1M making its interest coverage ratio 1.5. It has cash and short-term investments of £4.2M.
Key information
115.0%
Debt to equity ratio
UK£9.96m
Debt
| Interest coverage ratio | 1.5x |
| Cash | UK£4.15m |
| Equity | UK£8.66m |
| Total liabilities | UK£39.03m |
| Total assets | UK£47.68m |
Financial Position Analysis
Short Term Liabilities: HERC's short term assets (£26.9M) exceed its short term liabilities (£25.4M).
Long Term Liabilities: HERC's short term assets (£26.9M) exceed its long term liabilities (£13.7M).
Debt to Equity History and Analysis
Debt Level: HERC's net debt to equity ratio (67.1%) is considered high.
Reducing Debt: HERC's debt to equity ratio has increased from 0% to 115% over the past 5 years.
Debt Coverage: HERC's debt is well covered by operating cash flow (38.4%).
Interest Coverage: HERC's interest payments on its debt are not well covered by EBIT (1.5x coverage).