SSP Group Balance Sheet Health
Financial Health criteria checks 1/6
SSP Group has a total shareholder equity of £306.3M and total debt of £809.2M, which brings its debt-to-equity ratio to 264.2%. Its total assets and total liabilities are £2.9B and £2.6B respectively. SSP Group's EBIT is £207.8M making its interest coverage ratio 2.1. It has cash and short-term investments of £190.4M.
Key information
264.2%
Debt to equity ratio
UK£809.20m
Debt
| Interest coverage ratio | 2.1x |
| Cash | UK£190.40m |
| Equity | UK£306.30m |
| Total liabilities | UK£2.60b |
| Total assets | UK£2.90b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: SSPGL's short term assets (£383.2M) do not cover its short term liabilities (£1.1B).
Long Term Liabilities: SSPGL's short term assets (£383.2M) do not cover its long term liabilities (£1.5B).
Debt to Equity History and Analysis
Debt Level: SSPGL's net debt to equity ratio (202%) is considered high.
Reducing Debt: SSPGL's debt to equity ratio has increased from 131% to 264.2% over the past 5 years.
Debt Coverage: SSPGL's debt is well covered by operating cash flow (60%).
Interest Coverage: SSPGL's interest payments on its debt are not well covered by EBIT (2.1x coverage).