FRP Advisory Group Balance Sheet Health
Financial Health criteria checks 6/6
FRP Advisory Group has a total shareholder equity of £67.5M and total debt of £4.0M, which brings its debt-to-equity ratio to 5.9%. Its total assets and total liabilities are £109.3M and £41.8M respectively. FRP Advisory Group's EBIT is £22.1M making its interest coverage ratio 36.8. It has cash and short-term investments of £15.7M.
Key information
5.9%
Debt to equity ratio
UK£4.00m
Debt
| Interest coverage ratio | 36.8x |
| Cash | UK£15.70m |
| Equity | UK£67.50m |
| Total liabilities | UK£41.80m |
| Total assets | UK£109.30m |
Recent financial health updates
No updates
Financial Position Analysis
Short Term Liabilities: FRP's short term assets (£84.2M) exceed its short term liabilities (£29.8M).
Long Term Liabilities: FRP's short term assets (£84.2M) exceed its long term liabilities (£12.0M).
Debt to Equity History and Analysis
Debt Level: FRP has more cash than its total debt.
Reducing Debt: FRP's debt to equity ratio has reduced from 16.7% to 5.9% over the past 5 years.
Debt Coverage: FRP's debt is well covered by operating cash flow (227.5%).
Interest Coverage: FRP's interest payments on its debt are well covered by EBIT (36.8x coverage).