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).