Kitwave Group Balance Sheet Health

Financial Health criteria checks 5/6

Kitwave Group has a total shareholder equity of £85.0M and total debt of £53.1M, which brings its debt-to-equity ratio to 62.5%. Its total assets and total liabilities are £268.2M and £183.2M respectively. Kitwave Group's EBIT is £28.3M making its interest coverage ratio 5.7. It has cash and short-term investments of £5.0M.

Key information

62.5%

Debt to equity ratio

UK£53.13m

Debt

Interest coverage ratio5.7x
CashUK£5.02m
EquityUK£85.01m
Total liabilitiesUK£183.16m
Total assetsUK£268.17m

Recent financial health updates

No updates

Recent updates

At UK£2.96, Is It Time To Put Kitwave Group plc (LON:KITW) On Your Watch List?

Jul 03
At UK£2.96, Is It Time To Put Kitwave Group plc (LON:KITW) On Your Watch List?

Kitwave Group's (LON:KITW) Shareholders Will Receive A Bigger Dividend Than Last Year

Mar 26
Kitwave Group's (LON:KITW) Shareholders Will Receive A Bigger Dividend Than Last Year

Kitwave Group (LON:KITW) Is Increasing Its Dividend To £0.0745

Mar 05
Kitwave Group (LON:KITW) Is Increasing Its Dividend To £0.0745

Kitwave Group (LON:KITW) Is Paying Out A Larger Dividend Than Last Year

Jul 07
Kitwave Group (LON:KITW) Is Paying Out A Larger Dividend Than Last Year

Kitwave Group (LON:KITW) Is Increasing Its Dividend To £0.0675

Apr 05
Kitwave Group (LON:KITW) Is Increasing Its Dividend To £0.0675

Shareholders Will Be Pleased With The Quality of Kitwave Group's (LON:KITW) Earnings

Mar 12
Shareholders Will Be Pleased With The Quality of Kitwave Group's (LON:KITW) Earnings

The Returns On Capital At Kitwave Group (LON:KITW) Don't Inspire Confidence

Oct 18
The Returns On Capital At Kitwave Group (LON:KITW) Don't Inspire Confidence

Financial Position Analysis

Short Term Liabilities: KITW's short term assets (£134.5M) exceed its short term liabilities (£132.1M).

Long Term Liabilities: KITW's short term assets (£134.5M) exceed its long term liabilities (£51.1M).


Debt to Equity History and Analysis

Debt Level: KITW's net debt to equity ratio (56.6%) is considered high.

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 (58.3%).

Interest Coverage: KITW's interest payments on its debt are well covered by EBIT (5.7x coverage).


Balance Sheet


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