Bakkavor Group Balance Sheet Health
Financial Health criteria checks 4/6
Bakkavor Group has a total shareholder equity of £619.2M and total debt of £247.5M, which brings its debt-to-equity ratio to 40%. Its total assets and total liabilities are £1.5B and £884.6M respectively. Bakkavor Group's EBIT is £109.0M making its interest coverage ratio 4.2. It has cash and short-term investments of £45.5M.
Key information
40.0%
Debt to equity ratio
UK£247.50m
Debt
| Interest coverage ratio | 4.2x |
| Cash | UK£45.50m |
| Equity | UK£619.20m |
| Total liabilities | UK£884.60m |
| Total assets | UK£1.50b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: BAKKL's short term assets (£316.6M) do not cover its short term liabilities (£509.4M).
Long Term Liabilities: BAKKL's short term assets (£316.6M) do not cover its long term liabilities (£375.2M).
Debt to Equity History and Analysis
Debt Level: BAKKL's net debt to equity ratio (32.6%) is considered satisfactory.
Reducing Debt: BAKKL's debt to equity ratio has reduced from 66.2% to 40% over the past 5 years.
Debt Coverage: BAKKL's debt is well covered by operating cash flow (62.7%).
Interest Coverage: BAKKL's interest payments on its debt are well covered by EBIT (4.2x coverage).