SIMEC Atlantis Energy Balance Sheet Health
Financial Health criteria checks 0/6
SIMEC Atlantis Energy has a total shareholder equity of £10.2M and total debt of £53.2M, which brings its debt-to-equity ratio to 519.3%. Its total assets and total liabilities are £85.1M and £74.9M respectively. SIMEC Atlantis Energy's EBIT is £5.9M making its interest coverage ratio 1.5. It has cash and short-term investments of £2.3M.
Key information
519.3%
Debt to equity ratio
UK£53.22m
Debt
| Interest coverage ratio | 1.5x |
| Cash | UK£2.28m |
| Equity | UK£10.25m |
| Total liabilities | UK£74.89m |
| Total assets | UK£85.14m |
Recent financial health updates
Financial Position Analysis
Short Term Liabilities: SAE's short term assets (£9.2M) do not cover its short term liabilities (£19.9M).
Long Term Liabilities: SAE's short term assets (£9.2M) do not cover its long term liabilities (£55.0M).
Debt to Equity History and Analysis
Debt Level: SAE's net debt to equity ratio (497.1%) is considered high.
Reducing Debt: SAE's debt to equity ratio has increased from 32.6% to 519.3% over the past 5 years.
Debt Coverage: SAE's debt is not well covered by operating cash flow (5.4%).
Interest Coverage: SAE's interest payments on its debt are not well covered by EBIT (1.5x coverage).