Tasty Balance Sheet Health
Financial Health criteria checks 2/6
Tasty has a total shareholder equity of £-3.1M and total debt of £750.0K, which brings its debt-to-equity ratio to -24.1%. Its total assets and total liabilities are £40.5M and £43.6M respectively. Tasty's EBIT is £19.4M making its interest coverage ratio 11.1. It has cash and short-term investments of £3.0M.
Key information
-24.1%
Debt to equity ratio
UK£750.00k
Debt
| Interest coverage ratio | 11.1x |
| Cash | UK£2.99m |
| Equity | -UK£3.11m |
| Total liabilities | UK£43.59m |
| Total assets | UK£40.47m |
Financial Position Analysis
Short Term Liabilities: TAST has negative shareholder equity, which is a more serious situation than short term assets not covering short term liabilities.
Long Term Liabilities: TAST has negative shareholder equity, which is a more serious situation than short term assets not covering long term liabilities.
Debt to Equity History and Analysis
Debt Level: TAST has negative shareholder equity, which is a more serious situation than a high debt level.
Reducing Debt: TAST's has negative shareholder equity, so we do not need to check if its debt has reduced over time.
Debt Coverage: TAST's debt is well covered by operating cash flow (558.4%).
Interest Coverage: TAST's interest payments on its debt are well covered by EBIT (11.1x coverage).
Balance Sheet
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Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2024/12/22 00:21 |
| End of Day Share Price | 2024/12/20 00:00 |
| Earnings | 2024/06/30 |
| Annual Earnings | 2023/12/31 |
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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Learn about the world class team who designed and built the Simply Wall St analysis model.
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
Tasty plc is covered by 3 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 |
|---|---|
| Peter Renton | Cavendish |
| Ranoull MacKinnon | Stockdale Securities |
| Ricky Platt | Stockdale Securities |