Smart Metering Systems Balance Sheet Health
Financial Health criteria checks 5/6
Smart Metering Systems has a total shareholder equity of £510.9M and total debt of £141.5M, which brings its debt-to-equity ratio to 27.7%. Its total assets and total liabilities are £764.9M and £254.0M respectively. Smart Metering Systems's EBIT is £33.7M making its interest coverage ratio 4.8. It has cash and short-term investments of £45.3M.
Key information
27.7%
Debt to equity ratio
UK£141.54m
Debt
| Interest coverage ratio | 4.8x |
| Cash | UK£45.27m |
| Equity | UK£510.85m |
| Total liabilities | UK£254.04m |
| Total assets | UK£764.90m |
Recent financial health updates
Does Smart Metering Systems (LON:SMS) Have A Healthy Balance Sheet?
Jun 15
Does Smart Metering Systems (LON:SMS) Have A Healthy Balance Sheet?
Oct 12Recent updates
There Are Reasons To Feel Uneasy About Smart Metering Systems' (LON:SMS) Returns On Capital
Nov 02Smart Metering Systems (LON:SMS) Is Increasing Its Dividend To £0.0832
Oct 13Smart Metering Systems' (LON:SMS) Shareholders Will Receive A Bigger Dividend Than Last Year
Sep 15Here's What To Make Of Smart Metering Systems' (LON:SMS) Decelerating Rates Of Return
Jul 20Does Smart Metering Systems (LON:SMS) Have A Healthy Balance Sheet?
Jun 15Does Smart Metering Systems (LON:SMS) Deserve A Spot On Your Watchlist?
Mar 15Here's What's Concerning About Smart Metering Systems' (LON:SMS) Returns On Capital
Nov 12Is Smart Metering Systems plc (LON:SMS) Worth UK£9.2 Based On Its Intrinsic Value?
Aug 30Smart Metering Systems (LON:SMS) May Have Issues Allocating Its Capital
Jun 07Are Smart Metering Systems plc (LON:SMS) Investors Paying Above The Intrinsic Value?
May 03The Returns On Capital At Smart Metering Systems (LON:SMS) Don't Inspire Confidence
Feb 18Does This Valuation Of Smart Metering Systems plc (LON:SMS) Imply Investors Are Overpaying?
Jan 09Does Smart Metering Systems (LON:SMS) Have A Healthy Balance Sheet?
Oct 12Here's What's Concerning About Smart Metering Systems' (LON:SMS) Returns On Capital
Sep 15We're Not So Sure You Should Rely on Smart Metering Systems's (LON:SMS) Statutory Earnings
Dec 04Financial Position Analysis
Short Term Liabilities: SMS's short term assets (£147.3M) exceed its short term liabilities (£85.2M).
Long Term Liabilities: SMS's short term assets (£147.3M) do not cover its long term liabilities (£168.9M).
Debt to Equity History and Analysis
Debt Level: SMS's net debt to equity ratio (18.8%) is considered satisfactory.
Reducing Debt: SMS's debt to equity ratio has reduced from 64.6% to 27.7% over the past 5 years.
Debt Coverage: SMS's debt is well covered by operating cash flow (53.3%).
Interest Coverage: SMS's interest payments on its debt are well covered by EBIT (4.8x coverage).
Balance Sheet
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Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2024/04/25 22:18 |
| End of Day Share Price | 2024/04/25 00:00 |
| Earnings | 2023/06/30 |
| Annual Earnings | 2022/12/31 |
Data Sources
The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.
| Package | Data | Timeframe | Example US Source * |
|---|---|---|---|
| Company Financials | 10 years |
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| Analyst Consensus Estimates | +3 years |
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| Market Prices | 30 years |
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| Ownership | 10 years |
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| Management | 10 years |
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| Key Developments | 10 years |
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* example for US securities, for non-US equivalent regulatory forms and sources are used.
Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.
Analysis Model and Snowflake
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Learn about the world class team who designed and built the Simply Wall St analysis model.
Industry and Sector Metrics
Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on .
Analyst Sources
Smart Metering Systems plc is covered by 9 analysts. 2 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.
| Analyst | Institution |
|---|---|
| Alexander Brooks | Canaccord Genuity |
| Ian McInally | Cavendish |
| Ian McInally | Cavendish Historical (Cenkos Securities) |