Bakkavor Group Balance Sheet Health
Financial Health criteria checks 4/6
Bakkavor Group has a total shareholder equity of £607.6M and total debt of £266.1M, which brings its debt-to-equity ratio to 43.8%. Its total assets and total liabilities are £1.5B and £872.7M respectively. Bakkavor Group's EBIT is £95.8M making its interest coverage ratio 3.7. It has cash and short-term investments of £38.4M.
Key information
43.8%
Debt to equity ratio
UK£266.10m
Debt
Interest coverage ratio | 3.7x |
Cash | UK£38.40m |
Equity | UK£607.60m |
Total liabilities | UK£872.70m |
Total assets | UK£1.48b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: BAKKL's short term assets (£281.7M) do not cover its short term liabilities (£498.9M).
Long Term Liabilities: BAKKL's short term assets (£281.7M) do not cover its long term liabilities (£373.8M).
Debt to Equity History and Analysis
Debt Level: BAKKL's net debt to equity ratio (37.5%) is considered satisfactory.
Reducing Debt: BAKKL's debt to equity ratio has reduced from 55.2% to 43.8% over the past 5 years.
Debt Coverage: BAKKL's debt is well covered by operating cash flow (55.5%).
Interest Coverage: BAKKL's interest payments on its debt are well covered by EBIT (3.7x coverage).