Kitwave Group Balance Sheet Health
Financial Health criteria checks 6/6
Kitwave Group has a total shareholder equity of £84.4M and total debt of £26.4M, which brings its debt-to-equity ratio to 31.3%. Its total assets and total liabilities are £209.6M and £125.1M respectively. Kitwave Group's EBIT is £29.2M making its interest coverage ratio 6.5. It has cash and short-term investments of £673.0K.
Key information
31.3%
Debt to equity ratio
UK£26.41m
Debt
| Interest coverage ratio | 6.5x |
| Cash | UK£673.00k |
| Equity | UK£84.45m |
| Total liabilities | UK£125.14m |
| Total assets | UK£209.59m |
Recent financial health updates
No updates
Recent updates
Kitwave Group's (LON:KITW) Shareholders Will Receive A Bigger Dividend Than Last Year
Mar 26
Kitwave Group (LON:KITW) Is Increasing Its Dividend To £0.0745
Mar 05Kitwave Group (LON:KITW) Is Paying Out A Larger Dividend Than Last Year
Jul 07Kitwave Group (LON:KITW) Is Increasing Its Dividend To £0.0675
Apr 05Shareholders Will Be Pleased With The Quality of Kitwave Group's (LON:KITW) Earnings
Mar 12The Returns On Capital At Kitwave Group (LON:KITW) Don't Inspire Confidence
Oct 18Financial Position Analysis
Short Term Liabilities: KITW's short term assets (£99.7M) exceed its short term liabilities (£77.0M).
Long Term Liabilities: KITW's short term assets (£99.7M) exceed its long term liabilities (£48.1M).
Debt to Equity History and Analysis
Debt Level: KITW's net debt to equity ratio (30.5%) is considered satisfactory.
Reducing Debt: KITW had negative shareholder equity 5 years ago, but is now positive and has therefore improved.
Debt Coverage: KITW's debt is well covered by operating cash flow (114.7%).
Interest Coverage: KITW's interest payments on its debt are well covered by EBIT (6.5x coverage).