Serco Group Balance Sheet Health
Financial Health criteria checks 5/6
Serco Group has a total shareholder equity of £994.7M and total debt of £273.3M, which brings its debt-to-equity ratio to 27.5%. Its total assets and total liabilities are £2.8B and £1.8B respectively. Serco Group's EBIT is £191.2M making its interest coverage ratio 8.2. It has cash and short-term investments of £142.4M.
Key information
27.5%
Debt to equity ratio
UK£273.30m
Debt
| Interest coverage ratio | 8.2x |
| Cash | UK£142.40m |
| Equity | UK£994.70m |
| Total liabilities | UK£1.76b |
| Total assets | UK£2.76b |
Recent financial health updates
Here's Why Serco Group (LON:SRP) Can Manage Its Debt Responsibly
Nov 10
These 4 Measures Indicate That Serco Group (LON:SRP) Is Using Debt Reasonably Well
Mar 21Is Serco Group (LON:SRP) A Risky Investment?
Aug 27Does Serco Group (LON:SRP) Have A Healthy Balance Sheet?
May 27Recent updates
There's No Escaping Serco Group plc's (LON:SRP) Muted Earnings
Jun 10Calculating The Intrinsic Value Of Serco Group plc (LON:SRP)
May 22With EPS Growth And More, Serco Group (LON:SRP) Makes An Interesting Case
Feb 23Is Serco Group plc (LON:SRP) Worth UK£1.6 Based On Its Intrinsic Value?
Dec 13Here's Why Serco Group (LON:SRP) Can Manage Its Debt Responsibly
Nov 10Serco Group's (LON:SRP) Shareholders Will Receive A Bigger Dividend Than Last Year
Sep 04Serco Group (LON:SRP) Is Increasing Its Dividend To £0.0114
Aug 20Serco Group (LON:SRP) Is Paying Out A Larger Dividend Than Last Year
Aug 06These 4 Measures Indicate That Serco Group (LON:SRP) Is Using Debt Reasonably Well
Mar 21Serco Group (LON:SRP) Has Announced That It Will Be Increasing Its Dividend To £0.0192
Mar 03Is There An Opportunity With Serco Group plc's (LON:SRP) 24% Undervaluation?
Jan 30Calculating The Fair Value Of Serco Group plc (LON:SRP)
Oct 18Serco Group's (LON:SRP) Upcoming Dividend Will Be Larger Than Last Year's
Sep 02Is Serco Group (LON:SRP) A Risky Investment?
Aug 27Are Serco Group plc (LON:SRP) Investors Paying Above The Intrinsic Value?
Jun 29Does Serco Group (LON:SRP) Have A Healthy Balance Sheet?
May 27Serco Group (LON:SRP) Has Announced That It Will Be Increasing Its Dividend To UK£0.016
Apr 28Serco Group's (LON:SRP) Upcoming Dividend Will Be Larger Than Last Year's
Mar 23Serco Group's (LON:SRP) Shareholders Will Receive A Bigger Dividend Than Last Year
Mar 02Here's Why I Think Serco Group (LON:SRP) Is An Interesting Stock
Nov 16Is Serco Group plc (LON:SRP) Trading At A 33% Discount?
Aug 27With EPS Growth And More, Serco Group (LON:SRP) Is Interesting
Aug 10Serco Group plc's (LON:SRP) Intrinsic Value Is Potentially 47% Above Its Share Price
May 25Financial Position Analysis
Short Term Liabilities: SRP's short term assets (£842.7M) do not cover its short term liabilities (£924.5M).
Long Term Liabilities: SRP's short term assets (£842.7M) exceed its long term liabilities (£836.3M).
Debt to Equity History and Analysis
Debt Level: SRP's net debt to equity ratio (13.2%) is considered satisfactory.
Reducing Debt: SRP's debt to equity ratio has reduced from 45.2% to 27.5% over the past 5 years.
Debt Coverage: SRP's debt is well covered by operating cash flow (136.6%).
Interest Coverage: SRP's interest payments on its debt are well covered by EBIT (8.2x coverage).