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National Milk Records Balance Sheet Health
Financial Health criteria checks 6/6
National Milk Records has a total shareholder equity of £9.3M and total debt of £1.3M, which brings its debt-to-equity ratio to 14.1%. Its total assets and total liabilities are £14.8M and £5.5M respectively. National Milk Records's EBIT is £1.6M making its interest coverage ratio 17.8. It has cash and short-term investments of £1.4M.
Key information
14.1%
Debt to equity ratio
UK£1.31m
Debt
Interest coverage ratio | 17.8x |
Cash | UK£1.40m |
Equity | UK£9.32m |
Total liabilities | UK£5.48m |
Total assets | UK£14.80m |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: NMRP's short term assets (£5.9M) exceed its short term liabilities (£4.2M).
Long Term Liabilities: NMRP's short term assets (£5.9M) exceed its long term liabilities (£1.3M).
Debt to Equity History and Analysis
Debt Level: NMRP has more cash than its total debt.
Reducing Debt: NMRP's debt to equity ratio has reduced from 322.5% to 14.1% over the past 5 years.
Debt Coverage: NMRP's debt is well covered by operating cash flow (212.4%).
Interest Coverage: NMRP's interest payments on its debt are well covered by EBIT (17.8x coverage).