Intertek Group Balance Sheet Health
Financial Health criteria checks 4/6
Intertek Group has a total shareholder equity of £1.4B and total debt of £1.1B, which brings its debt-to-equity ratio to 78.6%. Its total assets and total liabilities are £3.6B and £2.3B respectively. Intertek Group's EBIT is £540.9M making its interest coverage ratio 13.2. It has cash and short-term investments of £355.9M.
Key information
78.6%
Debt to equity ratio
UK£1.06b
Debt
| Interest coverage ratio | 13.2x |
| Cash | UK£355.90m |
| Equity | UK£1.35b |
| Total liabilities | UK£2.28b |
| Total assets | UK£3.64b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: ITRKL's short term assets (£1.2B) exceed its short term liabilities (£931.5M).
Long Term Liabilities: ITRKL's short term assets (£1.2B) do not cover its long term liabilities (£1.4B).
Debt to Equity History and Analysis
Debt Level: ITRKL's net debt to equity ratio (52.3%) is considered high.
Reducing Debt: ITRKL's debt to equity ratio has reduced from 114% to 78.6% over the past 5 years.
Debt Coverage: ITRKL's debt is well covered by operating cash flow (51.8%).
Interest Coverage: ITRKL's interest payments on its debt are well covered by EBIT (13.2x coverage).