Speedy Hire Balance Sheet Health
Financial Health criteria checks 2/6
Speedy Hire has a total shareholder equity of £164.6M and total debt of £113.2M, which brings its debt-to-equity ratio to 68.8%. Its total assets and total liabilities are £504.6M and £340.0M respectively. Speedy Hire's EBIT is £19.1M making its interest coverage ratio 1.3. It has cash and short-term investments of £1.4M.
Key information
68.8%
Debt to equity ratio
UK£113.20m
Debt
| Interest coverage ratio | 1.3x |
| Cash | UK£1.40m |
| Equity | UK£164.60m |
| Total liabilities | UK£340.00m |
| Total assets | UK£504.60m |
Recent financial health updates
We Think Speedy Hire (LON:SDY) Is Taking Some Risk With Its Debt
Mar 14
Speedy Hire (LON:SDY) Seems To Use Debt Quite Sensibly
Sep 02Is Speedy Hire (LON:SDY) A Risky Investment?
Mar 07Is Speedy Hire (LON:SDY) Using Too Much Debt?
Mar 20Speedy Hire (LON:SDY) Has A Pretty Healthy Balance Sheet
Dec 04
Recent updates
What Is Speedy Hire Plc's (LON:SDY) Share Price Doing?
Jan 31Speedy Hire Plc's (LON:SDY) Intrinsic Value Is Potentially 27% Above Its Share Price
Jun 01We Think Speedy Hire (LON:SDY) Is Taking Some Risk With Its Debt
Mar 14Speedy Hire (LON:SDY) Seems To Use Debt Quite Sensibly
Sep 02Is Speedy Hire (LON:SDY) A Risky Investment?
Mar 07Is Speedy Hire Plc (LON:SDY) Potentially Undervalued?
Nov 20Here's Why Shareholders May Want To Be Cautious With Increasing Speedy Hire Plc's (LON:SDY) CEO Pay Packet
Sep 03The Return Trends At Speedy Hire (LON:SDY) Look Promising
Apr 15Is Speedy Hire (LON:SDY) Using Too Much Debt?
Mar 20What Is The Ownership Structure Like For Speedy Hire Plc (LON:SDY)?
Mar 02Speedy Hire Plc's (LON:SDY) Fundamentals Look Pretty Strong: Could The Market Be Wrong About The Stock?
Feb 11Is Speedy Hire Plc (LON:SDY) Worth UK£0.7 Based On Its Intrinsic Value?
Jan 27What Do The Returns At Speedy Hire (LON:SDY) Mean Going Forward?
Jan 14At UK£0.71, Is It Time To Put Speedy Hire Plc (LON:SDY) On Your Watch List?
Jan 01We Think Speedy Hire's (LON:SDY) Statutory Profit Might Understate Its Earnings Potential
Dec 17Speedy Hire (LON:SDY) Has A Pretty Healthy Balance Sheet
Dec 04Financial Position Analysis
Short Term Liabilities: SDY's short term assets (£120.5M) exceed its short term liabilities (£115.5M).
Long Term Liabilities: SDY's short term assets (£120.5M) do not cover its long term liabilities (£224.5M).
Debt to Equity History and Analysis
Debt Level: SDY's net debt to equity ratio (67.9%) is considered high.
Reducing Debt: SDY's debt to equity ratio has increased from 43.3% to 68.8% over the past 5 years.
Debt Coverage: SDY's debt is well covered by operating cash flow (36.9%).
Interest Coverage: SDY's interest payments on its debt are not well covered by EBIT (1.3x coverage).