Entain Balance Sheet Health
Financial Health criteria checks 2/6
Entain has a total shareholder equity of £2.8B and total debt of £3.5B, which brings its debt-to-equity ratio to 124.4%. Its total assets and total liabilities are £10.9B and £8.1B respectively. Entain's EBIT is £430.1M making its interest coverage ratio 1.9. It has cash and short-term investments of £400.6M.
Key information
124.4%
Debt to equity ratio
UK£3.48b
Debt
Interest coverage ratio | 1.9x |
Cash | UK£400.60m |
Equity | UK£2.79b |
Total liabilities | UK£8.06b |
Total assets | UK£10.85b |
Recent financial health updates
Does Entain (LON:ENT) Have A Healthy Balance Sheet?
Nov 28Here's Why Entain (LON:ENT) Can Manage Its Debt Responsibly
Jun 22Recent updates
Entain's (LON:ENT) Dividend Will Be £0.089
Mar 10Is Now The Time To Look At Buying Entain Plc (LON:ENT)?
Mar 04There's Reason For Concern Over Entain Plc's (LON:ENT) Price
Jan 25An Intrinsic Calculation For Entain Plc (LON:ENT) Suggests It's 21% Undervalued
Jan 10Entain (LON:ENT) Shareholders Will Want The ROCE Trajectory To Continue
Dec 26Does Entain (LON:ENT) Have A Healthy Balance Sheet?
Nov 28Should You Investigate Entain Plc (LON:ENT) At UK£9.41?
Nov 08A Look At The Intrinsic Value Of Entain Plc (LON:ENT)
Oct 09Entain (LON:ENT) Might Have The Makings Of A Multi-Bagger
Sep 22Estimating The Intrinsic Value Of Entain Plc (LON:ENT)
Sep 29Is Now An Opportune Moment To Examine Entain Plc (LON:ENT)?
Aug 03Here's Why Entain (LON:ENT) Can Manage Its Debt Responsibly
Jun 22Calculating The Intrinsic Value Of Entain Plc (LON:ENT)
May 18Financial Position Analysis
Short Term Liabilities: ENT's short term assets (£1.0B) do not cover its short term liabilities (£1.8B).
Long Term Liabilities: ENT's short term assets (£1.0B) do not cover its long term liabilities (£6.3B).
Debt to Equity History and Analysis
Debt Level: ENT's net debt to equity ratio (110.1%) is considered high.
Reducing Debt: ENT's debt to equity ratio has increased from 64.1% to 124.4% over the past 5 years.
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 ENT has sufficient cash runway for more than 3 years if it maintains its current positive free cash flow level.
Forecast Cash Runway: ENT is unprofitable but has sufficient cash runway for more than 3 years, due to free cash flow being positive and growing by 17.7% per year.