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Hostmore Balance Sheet Health
Financial Health criteria checks 2/6
Hostmore has a total shareholder equity of £-4.7M and total debt of £35.4M, which brings its debt-to-equity ratio to -750.9%. Its total assets and total liabilities are £202.8M and £207.5M respectively. Hostmore's EBIT is £6.6M making its interest coverage ratio 0.5. It has cash and short-term investments of £11.0M.
Key information
-750.9%
Debt to equity ratio
UK£35.43m
Debt
| Interest coverage ratio | 0.5x |
| Cash | UK£10.99m |
| Equity | -UK£4.72m |
| Total liabilities | UK£207.53m |
| Total assets | UK£202.81m |
Recent financial health updates
Recent updates
The Market Doesn't Like What It Sees From Hostmore plc's (LON:MORE) Revenues Yet As Shares Tumble 26%
Feb 08
Hostmore (LON:MORE) Will Be Looking To Turn Around Its Returns
Jan 18Revenues Working Against Hostmore plc's (LON:MORE) Share Price
Oct 01Hostmore (LON:MORE) Shareholders Will Want The ROCE Trajectory To Continue
Jan 11Is There An Opportunity With Hostmore plc's (LON:MORE) 41% Undervaluation?
May 21Financial Position Analysis
Short Term Liabilities: MORE has negative shareholder equity, which is a more serious situation than short term assets not covering short term liabilities.
Long Term Liabilities: MORE 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: MORE has negative shareholder equity, which is a more serious situation than a high debt level.
Reducing Debt: MORE's has negative shareholder equity, so we do not need to check if its debt has reduced over time.
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 MORE has sufficient cash runway for more than 3 years if it maintains its current positive free cash flow level.
Forecast Cash Runway: MORE is unprofitable but has sufficient cash runway for more than 3 years, even with free cash flow being positive and shrinking by 12.9% per year.