Newbury Racecourse Balance Sheet Health
Financial Health criteria checks 6/6
Newbury Racecourse has a total shareholder equity of £46.3M and total debt of £0.0, which brings its debt-to-equity ratio to 0%. Its total assets and total liabilities are £53.8M and £7.5M respectively. Newbury Racecourse's EBIT is £65.0K making its interest coverage ratio -0.3. It has cash and short-term investments of £6.3M.
Key information
0%
Debt to equity ratio
UK£0
Debt
| Interest coverage ratio | -0.3x |
| Cash | UK£6.29m |
| Equity | UK£46.34m |
| Total liabilities | UK£7.50m |
| Total assets | UK£53.84m |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: NYR's short term assets (£11.1M) exceed its short term liabilities (£4.2M).
Long Term Liabilities: NYR's short term assets (£11.1M) 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 4.9%.
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.