Spirax Group Balance Sheet Health
Financial Health criteria checks 3/6
Spirax Group has a total shareholder equity of £1.2B and total debt of £1.0B, which brings its debt-to-equity ratio to 90.5%. Its total assets and total liabilities are £2.7B and £1.5B respectively. Spirax Group's EBIT is £297.7M making its interest coverage ratio 7.2. It has cash and short-term investments of £330.1M.
Key information
90.5%
Debt to equity ratio
UK£1.05b
Debt
| Interest coverage ratio | 7.2x |
| Cash | UK£330.10m |
| Equity | UK£1.16b |
| Total liabilities | UK£1.53b |
| Total assets | UK£2.69b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: SPXL's short term assets (£1.0B) exceed its short term liabilities (£453.4M).
Long Term Liabilities: SPXL's short term assets (£1.0B) do not cover its long term liabilities (£1.1B).
Debt to Equity History and Analysis
Debt Level: SPXL's net debt to equity ratio (62%) is considered high.
Reducing Debt: SPXL's debt to equity ratio has increased from 71.7% to 90.5% over the past 5 years.
Debt Coverage: SPXL's debt is well covered by operating cash flow (29.2%).
Interest Coverage: SPXL's interest payments on its debt are well covered by EBIT (7.2x coverage).