Greencoat UK Wind Balance Sheet Health
Financial Health criteria checks 2/6
Greencoat UK Wind has a total shareholder equity of £3.8B and total debt of £1.8B, which brings its debt-to-equity ratio to 47.2%. Its total assets and total liabilities are £5.6B and £1.8B respectively. Greencoat UK Wind's EBIT is £194.0M making its interest coverage ratio 3.1. It has cash and short-term investments of £21.8M.
Key information
47.2%
Debt to equity ratio
UK£1.79b
Debt
Interest coverage ratio | 3.1x |
Cash | UK£21.81m |
Equity | UK£3.79b |
Total liabilities | UK£1.81b |
Total assets | UK£5.60b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: UKW's short term assets (£62.9M) do not cover its short term liabilities (£517.6M).
Long Term Liabilities: UKW's short term assets (£62.9M) do not cover its long term liabilities (£1.3B).
Debt to Equity History and Analysis
Debt Level: UKW's net debt to equity ratio (46.6%) is considered high.
Reducing Debt: UKW's debt to equity ratio has increased from 34.5% to 47.2% over the past 5 years.
Debt Coverage: UKW's debt is well covered by operating cash flow (20.1%).
Interest Coverage: UKW's interest payments on its debt are well covered by EBIT (3.1x coverage).