Finsbury Food Group Balance Sheet Health
Financial Health criteria checks 5/6
Finsbury Food Group has a total shareholder equity of £126.6M and total debt of £31.8M, which brings its debt-to-equity ratio to 25.1%. Its total assets and total liabilities are £261.7M and £135.1M respectively. Finsbury Food Group's EBIT is £20.7M making its interest coverage ratio 19.5. It has cash and short-term investments of £11.2M.
Key information
25.1%
Debt to equity ratio
UK£31.79m
Debt
| Interest coverage ratio | 19.5x |
| Cash | UK£11.19m |
| Equity | UK£126.57m |
| Total liabilities | UK£135.11m |
| Total assets | UK£261.67m |
Recent financial health updates
Recent updates
Should You Investigate Finsbury Food Group Plc (LON:FIF) At UK£1.10?
Sep 21
Should You Investigate Finsbury Food Group Plc (LON:FIF) At UK£0.75?
Apr 07Finsbury Food Group (LON:FIF) Has A Somewhat Strained Balance Sheet
Apr 05Has Finsbury Food Group (LON:FIF) Got What It Takes To Become A Multi-Bagger?
Mar 10Finsbury Food Group's(LON:FIF) Share Price Is Down 37% Over The Past Three Years.
Feb 12How Much Is Finsbury Food Group's (LON:FIF) CEO Getting Paid?
Jan 17
Have Insiders Been Buying Finsbury Food Group Plc (LON:FIF) Shares This Year?
Dec 21Is Finsbury Food Group (LON:FIF) Likely To Turn Things Around?
Dec 01Financial Position Analysis
Short Term Liabilities: FIF's short term assets (£100.5M) exceed its short term liabilities (£79.9M).
Long Term Liabilities: FIF's short term assets (£100.5M) exceed its long term liabilities (£55.2M).
Debt to Equity History and Analysis
Debt Level: FIF's net debt to equity ratio (16.3%) is considered satisfactory.
Reducing Debt: FIF's debt to equity ratio has increased from 23.4% to 25.1% over the past 5 years.
Debt Coverage: FIF's debt is well covered by operating cash flow (64%).
Interest Coverage: FIF's interest payments on its debt are well covered by EBIT (19.5x coverage).