Biffa Balance Sheet Health
Financial Health criteria checks 2/6
Biffa has a total shareholder equity of £502.5M and total debt of £359.3M, which brings its debt-to-equity ratio to 71.5%. Its total assets and total liabilities are £1.7B and £1.2B respectively. Biffa's EBIT is £63.3M making its interest coverage ratio 2.7. It has cash and short-term investments of £43.6M.
Key information
71.5%
Debt to equity ratio
UK£359.30m
Debt
| Interest coverage ratio | 2.7x |
| Cash | UK£43.60m |
| Equity | UK£502.50m |
| Total liabilities | UK£1.24b |
| Total assets | UK£1.74b |
Recent financial health updates
Recent updates
Financial Position Analysis
Short Term Liabilities: BIFFL's short term assets (£426.0M) do not cover its short term liabilities (£511.8M).
Long Term Liabilities: BIFFL's short term assets (£426.0M) do not cover its long term liabilities (£726.4M).
Debt to Equity History and Analysis
Debt Level: BIFFL's net debt to equity ratio (62.8%) is considered high.
Reducing Debt: BIFFL's debt to equity ratio has reduced from 76.7% to 71.5% over the past 5 years.
Debt Coverage: BIFFL's debt is well covered by operating cash flow (42.9%).
Interest Coverage: BIFFL's interest payments on its debt are not well covered by EBIT (2.7x coverage).