Newbury Racecourse Balance Sheet Health
Financial Health criteria checks 6/6
Newbury Racecourse has a total shareholder equity of £46.7M and total debt of £0.0, which brings its debt-to-equity ratio to 0%. Its total assets and total liabilities are £54.1M and £7.4M respectively.
Key information
0%
Debt to equity ratio
UK£0
Debt
Interest coverage ratio | n/a |
Cash | UK£4.32m |
Equity | UK£46.67m |
Total liabilities | UK£7.41m |
Total assets | UK£54.08m |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: NYR's short term assets (£10.9M) exceed its short term liabilities (£4.1M).
Long Term Liabilities: NYR's short term assets (£10.9M) exceed its long term liabilities (£3.3M).
Debt to Equity History and Analysis
Debt Level: NYR is debt free.
Reducing Debt: NYR has no debt compared to 5 years ago when its debt to equity ratio was 9.8%.
Debt Coverage: NYR has no debt, therefore it does not need to be covered by operating cash flow.
Interest Coverage: NYR has no debt, therefore coverage of interest payments is not a concern.