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TClarke Balance Sheet Health
Financial Health criteria checks 5/6
TClarke has a total shareholder equity of £53.4M and total debt of £10.0M, which brings its debt-to-equity ratio to 18.7%. Its total assets and total liabilities are £219.4M and £166.0M respectively. TClarke's EBIT is £8.8M making its interest coverage ratio 7.3. It has cash and short-term investments of £29.3M.
Key information
18.7%
Debt to equity ratio
UK£10.00m
Debt
| Interest coverage ratio | 7.3x |
| Cash | UK£29.30m |
| Equity | UK£53.40m |
| Total liabilities | UK£166.00m |
| Total assets | UK£219.40m |
Recent financial health updates
Recent updates
Financial Position Analysis
Short Term Liabilities: CTOL's short term assets (£167.1M) exceed its short term liabilities (£145.9M).
Long Term Liabilities: CTOL's short term assets (£167.1M) exceed its long term liabilities (£20.1M).
Debt to Equity History and Analysis
Debt Level: CTOL has more cash than its total debt.
Reducing Debt: CTOL's debt to equity ratio has increased from 0% to 18.7% over the past 5 years.
Debt Coverage: CTOL's debt is well covered by operating cash flow (87%).
Interest Coverage: CTOL's interest payments on its debt are well covered by EBIT (7.3x coverage).