Literacy Capital Balance Sheet Health
Financial Health criteria checks 3/6
Literacy Capital has a total shareholder equity of £301.1M and total debt of £9.5M, which brings its debt-to-equity ratio to 3.1%. Its total assets and total liabilities are £315.8M and £14.7M respectively. Literacy Capital's EBIT is £52.5M making its interest coverage ratio 34.9. It has cash and short-term investments of £272.9K.
Key information
3.1%
Debt to equity ratio
UK£9.47m
Debt
Interest coverage ratio | 34.9x |
Cash | UK£272.90k |
Equity | UK£301.09m |
Total liabilities | UK£14.75m |
Total assets | UK£315.84m |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: BOOK's short term assets (£718.0K) do not cover its short term liabilities (£14.1M).
Long Term Liabilities: BOOK's short term assets (£718.0K) exceed its long term liabilities (£605.5K).
Debt to Equity History and Analysis
Debt Level: BOOK's net debt to equity ratio (3.1%) is considered satisfactory.
Reducing Debt: BOOK's debt to equity ratio has increased from 0% to 3.1% over the past 5 years.
Debt Coverage: BOOK's operating cash flow is negative, therefore debt is not well covered.
Interest Coverage: BOOK's interest payments on its debt are well covered by EBIT (34.9x coverage).