Henry Boot Balance Sheet Health
Financial Health criteria checks 4/6
Henry Boot has a total shareholder equity of £408.1M and total debt of £110.0M, which brings its debt-to-equity ratio to 27%. Its total assets and total liabilities are £640.4M and £232.2M respectively. Henry Boot's EBIT is £17.1M making its interest coverage ratio 3.2. It has cash and short-term investments of £14.4M.
Key information
27.0%
Debt to equity ratio
UK£110.00m
Debt
| Interest coverage ratio | 3.2x |
| Cash | UK£14.38m |
| Equity | UK£408.14m |
| Total liabilities | UK£232.24m |
| Total assets | UK£640.38m |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: BOOTL's short term assets (£443.4M) exceed its short term liabilities (£206.8M).
Long Term Liabilities: BOOTL's short term assets (£443.4M) exceed its long term liabilities (£25.4M).
Debt to Equity History and Analysis
Debt Level: BOOTL's net debt to equity ratio (23.4%) is considered satisfactory.
Reducing Debt: BOOTL's debt to equity ratio has increased from 16.9% to 27% over the past 5 years.
Debt Coverage: BOOTL's operating cash flow is negative, therefore debt is not well covered.
Interest Coverage: BOOTL's interest payments on its debt are well covered by EBIT (3.2x coverage).