Spirax-Sarco Engineering Balance Sheet Health
Financial Health criteria checks 3/6
Spirax-Sarco Engineering has a total shareholder equity of £1.2B and total debt of £1.0B, which brings its debt-to-equity ratio to 88.7%. Its total assets and total liabilities are £2.7B and £1.6B respectively. Spirax-Sarco Engineering's EBIT is £308.0M making its interest coverage ratio 8.1. It has cash and short-term investments of £359.7M.
Key information
88.7%
Debt to equity ratio
UK£1.03b
Debt
| Interest coverage ratio | 8.1x |
| Cash | UK£359.70m |
| Equity | UK£1.16b |
| Total liabilities | UK£1.55b |
| Total assets | UK£2.71b |
Recent financial health updates
Does Spirax-Sarco Engineering (LON:SPX) Have A Healthy Balance Sheet?
Mar 28
Spirax-Sarco Engineering (LON:SPX) Has A Pretty Healthy Balance Sheet
Sep 17Is Spirax-Sarco Engineering (LON:SPX) Using Too Much Debt?
Apr 05Is Spirax-Sarco Engineering (LON:SPX) Using Too Much Debt?
Nov 13Is Spirax-Sarco Engineering (LON:SPX) A Risky Investment?
Jun 25Is Spirax-Sarco Engineering (LON:SPX) Using Too Much Debt?
Dec 12Recent updates
Spirax-Sarco Engineering (LON:SPX) Has Announced That It Will Be Increasing Its Dividend To £1.14
Apr 05Does Spirax-Sarco Engineering (LON:SPX) Have A Healthy Balance Sheet?
Mar 28Spirax-Sarco Engineering plc Earnings Missed Analyst Estimates: Here's What Analysts Are Forecasting Now
Mar 10There Are Reasons To Feel Uneasy About Spirax-Sarco Engineering's (LON:SPX) Returns On Capital
Mar 08Pinning Down Spirax-Sarco Engineering plc's (LON:SPX) P/E Is Difficult Right Now
Dec 21Returns At Spirax-Sarco Engineering (LON:SPX) Appear To Be Weighed Down
Nov 30Estimating The Fair Value Of Spirax-Sarco Engineering plc (LON:SPX)
Nov 11Spirax-Sarco Engineering (LON:SPX) Has A Pretty Healthy Balance Sheet
Sep 17Spirax-Sarco Engineering's (LON:SPX) Shareholders Will Receive A Bigger Dividend Than Last Year
Aug 30Spirax-Sarco Engineering's (LON:SPX) Dividend Will Be Increased To £0.46
Aug 16Returns On Capital At Spirax-Sarco Engineering (LON:SPX) Have Stalled
Jun 08Is Spirax-Sarco Engineering (LON:SPX) Using Too Much Debt?
Apr 05Investors Can Find Comfort In Spirax-Sarco Engineering's (LON:SPX) Earnings Quality
Mar 17Spirax-Sarco Engineering's (LON:SPX) Dividend Will Be Increased To £1.1
Mar 12Shareholders Are Optimistic That Spirax-Sarco Engineering (LON:SPX) Will Multiply In Value
Mar 08Investors Shouldn't Overlook The Favourable Returns On Capital At Spirax-Sarco Engineering (LON:SPX)
Nov 30Is Spirax-Sarco Engineering (LON:SPX) Using Too Much Debt?
Nov 13Spirax-Sarco Engineering (LON:SPX) Has Announced That It Will Be Increasing Its Dividend To £0.425
Oct 02Is Spirax-Sarco Engineering plc (LON:SPX) Worth UK£111 Based On Its Intrinsic Value?
Sep 13Spirax-Sarco Engineering (LON:SPX) Knows How To Allocate Capital
Aug 29Spirax-Sarco Engineering's (LON:SPX) Dividend Will Be Increased To £0.425
Aug 14Is Spirax-Sarco Engineering (LON:SPX) A Risky Investment?
Jun 25Is Spirax-Sarco Engineering plc (LON:SPX) Worth UK£103 Based On Its Intrinsic Value?
May 25Spirax-Sarco Engineering (LON:SPX) Is Reinvesting To Multiply In Value
May 10Many Would Be Envious Of Spirax-Sarco Engineering's (LON:SPX) Excellent Returns On Capital
Jan 07Is Spirax-Sarco Engineering (LON:SPX) Using Too Much Debt?
Dec 12A Look Into Spirax-Sarco Engineering's (LON:SPX) Impressive Returns On Capital
Sep 24Is Spirax-Sarco Engineering (LON:SPX) A Risky Investment?
Sep 03Be Wary Of Spirax-Sarco Engineering (LON:SPX) And Its Returns On Capital
Jun 21These 4 Measures Indicate That Spirax-Sarco Engineering (LON:SPX) Is Using Debt Reasonably Well
May 11Spirax-Sarco Engineering plc Just Beat Earnings Expectations: Here's What Analysts Think Will Happen Next
Mar 13What Do The Returns On Capital At Spirax-Sarco Engineering (LON:SPX) Tell Us?
Mar 10Have Insiders Been Buying Spirax-Sarco Engineering plc (LON:SPX) Shares?
Feb 09Shareholders of Spirax-Sarco Engineering (LON:SPX) Must Be Delighted With Their 327% Total Return
Jan 08What To Know Before Buying Spirax-Sarco Engineering plc (LON:SPX) For Its Dividend
Dec 21
Is Weakness In Spirax-Sarco Engineering plc (LON:SPX) Stock A Sign That The Market Could be Wrong Given Its Strong Financial Prospects?
Dec 07Returns On Capital At Spirax-Sarco Engineering (LON:SPX) Paint An Interesting Picture
Nov 24Financial Position Analysis
Short Term Liabilities: SPX's short term assets (£1.0B) exceed its short term liabilities (£454.0M).
Long Term Liabilities: SPX's short term assets (£1.0B) do not cover its long term liabilities (£1.1B).
Debt to Equity History and Analysis
Debt Level: SPX's net debt to equity ratio (57.6%) is considered high.
Reducing Debt: SPX's debt to equity ratio has increased from 55.1% to 88.7% over the past 5 years.
Debt Coverage: SPX's debt is well covered by operating cash flow (29.1%).
Interest Coverage: SPX's interest payments on its debt are well covered by EBIT (8.1x coverage).