Serica Energy Balance Sheet Health
Financial Health criteria checks 5/6
Serica Energy has a total shareholder equity of £655.3M and total debt of £213.0M, which brings its debt-to-equity ratio to 32.5%. Its total assets and total liabilities are £1.2B and £582.8M respectively. Serica Energy's EBIT is £297.9M making its interest coverage ratio 1323.9. It has cash and short-term investments of £263.5M.
Key information
32.5%
Debt to equity ratio
UK£213.04m
Debt
| Interest coverage ratio | 1323.9x |
| Cash | UK£263.49m |
| Equity | UK£655.26m |
| Total liabilities | UK£582.80m |
| Total assets | UK£1.24b |
Recent financial health updates
No updates
Recent updates
Serica Energy's (LON:SQZ) Upcoming Dividend Will Be Larger Than Last Year's
Apr 24
Here's What's Concerning About Serica Energy's (LON:SQZ) Returns On Capital
Jan 26Serica Energy plc (LON:SQZ) Shares Could Be 24% Below Their Intrinsic Value Estimate
Dec 09Need To Know: Analysts Are Much More Bullish On Serica Energy plc (LON:SQZ) Revenues
Jul 07Most Shareholders Will Probably Find That The Compensation For Serica Energy plc's (LON:SQZ) CEO Is Reasonable
Jun 18Financial Position Analysis
Short Term Liabilities: SQZ's short term assets (£440.5M) exceed its short term liabilities (£200.8M).
Long Term Liabilities: SQZ's short term assets (£440.5M) exceed its long term liabilities (£382.0M).
Debt to Equity History and Analysis
Debt Level: SQZ has more cash than its total debt.
Reducing Debt: SQZ's debt to equity ratio has increased from 12.1% to 32.5% over the past 5 years.
Debt Coverage: SQZ's debt is well covered by operating cash flow (46%).
Interest Coverage: SQZ's interest payments on its debt are well covered by EBIT (1323.9x coverage).