Brighton Pier Group Balance Sheet Health
Financial Health criteria checks 3/6
Brighton Pier Group has a total shareholder equity of £18.0M and total debt of £11.4M, which brings its debt-to-equity ratio to 63.3%. Its total assets and total liabilities are £60.7M and £42.7M respectively. Brighton Pier Group's EBIT is £1.1M making its interest coverage ratio 0.6. It has cash and short-term investments of £4.0M.
Key information
63.3%
Debt to equity ratio
UK£11.40m
Debt
| Interest coverage ratio | 0.6x |
| Cash | UK£3.95m |
| Equity | UK£18.02m |
| Total liabilities | UK£42.71m |
| Total assets | UK£60.73m |
Recent financial health updates
We Think Brighton Pier Group (LON:PIER) Is Taking Some Risk With Its Debt
Jun 11
Health Check: How Prudently Does Brighton Pier Group (LON:PIER) Use Debt?
Jun 11Recent updates
There Are Reasons To Feel Uneasy About Brighton Pier Group's (LON:PIER) Returns On Capital
May 09The Brighton Pier Group PLC's (LON:PIER) Business Is Yet to Catch Up With Its Share Price
Jan 30Is It Time To Consider Buying The Brighton Pier Group PLC (LON:PIER)?
Dec 07Brighton Pier Group (LON:PIER) Has More To Do To Multiply In Value Going Forward
Sep 26Is The Brighton Pier Group PLC (LON:PIER) Potentially Undervalued?
Jul 26What Does The Brighton Pier Group PLC's (LON:PIER) Share Price Indicate?
Apr 03Is There Now An Opportunity In The Brighton Pier Group PLC (LON:PIER)?
Dec 30We Think Brighton Pier Group (LON:PIER) Is Taking Some Risk With Its Debt
Jun 11It's Unlikely That The CEO Of The Brighton Pier Group PLC (LON:PIER) Will See A Huge Pay Rise This Year
Dec 08Health Check: How Prudently Does Brighton Pier Group (LON:PIER) Use Debt?
Jun 11Key Things To Understand About Brighton Pier Group's (LON:PIER) CEO Pay Cheque
Feb 26Financial Position Analysis
Short Term Liabilities: PIER's short term assets (£6.6M) do not cover its short term liabilities (£11.5M).
Long Term Liabilities: PIER's short term assets (£6.6M) do not cover its long term liabilities (£31.2M).
Debt to Equity History and Analysis
Debt Level: PIER's net debt to equity ratio (41.3%) is considered high.
Reducing Debt: PIER had negative shareholder equity 5 years ago, but is now positive and has therefore improved.
Balance Sheet
Cash Runway Analysis
For companies that have on average been loss-making in the past, we assess whether they have at least 1 year of cash runway.
Stable Cash Runway: Whilst unprofitable PIER has sufficient cash runway for more than 3 years if it maintains its current positive free cash flow level.
Forecast Cash Runway: PIER is unprofitable but has sufficient cash runway for more than 3 years, due to free cash flow being positive and growing by 43.8% per year.