Pittards Balance Sheet Health
Financial Health criteria checks 2/6
Pittards has a total shareholder equity of £12.6M and total debt of £11.3M, which brings its debt-to-equity ratio to 89.5%. Its total assets and total liabilities are £29.5M and £16.9M respectively. Pittards's EBIT is £1.1M making its interest coverage ratio 2.1. It has cash and short-term investments of £71.0K.
Key information
89.5%
Debt to equity ratio
UK£11.26m
Debt
| Interest coverage ratio | 2.1x |
| Cash | UK£71.00k |
| Equity | UK£12.58m |
| Total liabilities | UK£16.88m |
| Total assets | UK£29.46m |
Recent financial health updates
We Think Pittards (LON:PTD) Is Taking Some Risk With Its Debt
Oct 02
Is Pittards (LON:PTD) A Risky Investment?
Mar 26Recent updates
Pittards (LON:PTD) Might Have The Makings Of A Multi-Bagger
Apr 26Investors Will Want Pittards' (LON:PTD) Growth In ROCE To Persist
Jan 11Do Pittards' (LON:PTD) Earnings Warrant Your Attention?
Nov 09Pittards' (LON:PTD) Returns On Capital Are Heading Higher
May 27At UK£0.67, Is Pittards plc (LON:PTD) Worth Looking At Closely?
Jan 20We Think Pittards (LON:PTD) Is Taking Some Risk With Its Debt
Oct 02We Think Pittards plc's (LON:PTD) CEO Compensation Package Needs To Be Put Under A Microscope
May 06Is Pittards (LON:PTD) A Risky Investment?
Mar 26Financial Position Analysis
Short Term Liabilities: PTD's short term assets (£19.5M) exceed its short term liabilities (£13.3M).
Long Term Liabilities: PTD's short term assets (£19.5M) exceed its long term liabilities (£3.6M).
Debt to Equity History and Analysis
Debt Level: PTD's net debt to equity ratio (88.9%) is considered high.
Reducing Debt: PTD's debt to equity ratio has increased from 46.4% to 89.5% over the past 5 years.
Debt Coverage: PTD's operating cash flow is negative, therefore debt is not well covered.
Interest Coverage: PTD's interest payments on its debt are not well covered by EBIT (2.1x coverage).
Balance Sheet
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Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2023/09/30 11:55 |
| End of Day Share Price | 2023/07/03 00:00 |
| Earnings | 2022/06/30 |
| Annual Earnings | 2021/12/31 |
Data Sources
The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.
| Package | Data | Timeframe | Example US Source * |
|---|---|---|---|
| Company Financials | 10 years |
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| Analyst Consensus Estimates | +3 years |
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| Market Prices | 30 years |
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| Ownership | 10 years |
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| Management | 10 years |
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| Key Developments | 10 years |
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* example for US securities, for non-US equivalent regulatory forms and sources are used.
Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.
Analysis Model and Snowflake
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Industry and Sector Metrics
Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on .
Analyst Sources
Pittards plc is covered by 1 analysts. 1 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.
| Analyst | Institution |
|---|---|
| John Stephen Cummins | WH Ireland Limited |