Serco Group Balance Sheet Health
Financial Health criteria checks 5/6
Serco Group has a total shareholder equity of £1.0B and total debt of £206.2M, which brings its debt-to-equity ratio to 19.9%. Its total assets and total liabilities are £2.6B and £1.6B respectively. Serco Group's EBIT is £188.8M making its interest coverage ratio 8.7. It has cash and short-term investments of £94.4M.
Key information
19.9%
Debt to equity ratio
UK£206.20m
Debt
Interest coverage ratio | 8.7x |
Cash | UK£94.40m |
Equity | UK£1.03b |
Total liabilities | UK£1.58b |
Total assets | UK£2.61b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: SRPL's short term assets (£782.8M) do not cover its short term liabilities (£897.8M).
Long Term Liabilities: SRPL's short term assets (£782.8M) exceed its long term liabilities (£678.8M).
Debt to Equity History and Analysis
Debt Level: SRPL's net debt to equity ratio (10.8%) is considered satisfactory.
Reducing Debt: SRPL's debt to equity ratio has reduced from 61.9% to 19.9% over the past 5 years.
Debt Coverage: SRPL's debt is well covered by operating cash flow (190.6%).
Interest Coverage: SRPL's interest payments on its debt are well covered by EBIT (8.7x coverage).