Shires Income Balance Sheet Health
Financial Health criteria checks 2/6
Shires Income has a total shareholder equity of £77.4M and total debt of £19.0M, which brings its debt-to-equity ratio to 24.5%. Its total assets and total liabilities are £96.7M and £19.4M respectively. Shires Income's EBIT is £9.7M making its interest coverage ratio 10.6. It has cash and short-term investments of £1.2M.
Key information
24.5%
Debt to equity ratio
UK£18.96m
Debt
Interest coverage ratio | 10.6x |
Cash | UK£1.17m |
Equity | UK£77.35m |
Total liabilities | UK£19.37m |
Total assets | UK£96.72m |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: SHRS's short term assets (£2.2M) do not cover its short term liabilities (£9.4M).
Long Term Liabilities: SHRS's short term assets (£2.2M) do not cover its long term liabilities (£10.0M).
Debt to Equity History and Analysis
Debt Level: SHRS's net debt to equity ratio (23%) is considered satisfactory.
Reducing Debt: SHRS's debt to equity ratio has increased from 23.2% to 24.5% over the past 5 years.
Debt Coverage: SHRS's debt is not well covered by operating cash flow (19.7%).
Interest Coverage: SHRS's interest payments on its debt are well covered by EBIT (10.6x coverage).