Daniel Thwaites Balance Sheet Health
Financial Health criteria checks 3/6
Daniel Thwaites has a total shareholder equity of £247.2M and total debt of £74.6M, which brings its debt-to-equity ratio to 30.2%. Its total assets and total liabilities are £319.7M and £72.5M respectively. Daniel Thwaites's EBIT is £11.1M making its interest coverage ratio 3.1. It has cash and short-term investments of £2.4M.
Key information
30.2%
Debt to equity ratio
UK£74.60m
Debt
Interest coverage ratio | 3.1x |
Cash | UK£2.40m |
Equity | UK£247.20m |
Total liabilities | UK£72.50m |
Total assets | UK£319.70m |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: THW's short term assets (£10.6M) do not cover its short term liabilities (£20.6M).
Long Term Liabilities: THW's short term assets (£10.6M) do not cover its long term liabilities (£51.9M).
Debt to Equity History and Analysis
Debt Level: THW's net debt to equity ratio (29.2%) is considered satisfactory.
Reducing Debt: THW's debt to equity ratio has reduced from 50.3% to 30.2% over the past 5 years.
Debt Coverage: THW's debt is not well covered by operating cash flow (19.8%).
Interest Coverage: THW's interest payments on its debt are well covered by EBIT (3.1x coverage).