Tate & Lyle Balance Sheet Health
Financial Health criteria checks 6/6
Tate & Lyle has a total shareholder equity of £1.2B and total debt of £515.0M, which brings its debt-to-equity ratio to 43.1%. Its total assets and total liabilities are £2.2B and £1.0B respectively. Tate & Lyle's EBIT is £241.0M making its interest coverage ratio -120.5. It has cash and short-term investments of £594.0M.
Key information
43.1%
Debt to equity ratio
UK£515.00m
Debt
| Interest coverage ratio | -120.5x |
| Cash | UK£594.00m |
| Equity | UK£1.20b |
| Total liabilities | UK£1.02b |
| Total assets | UK£2.21b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: TATEL's short term assets (£1.2B) exceed its short term liabilities (£354.0M).
Long Term Liabilities: TATEL's short term assets (£1.2B) exceed its long term liabilities (£662.0M).
Debt to Equity History and Analysis
Debt Level: TATEL has more cash than its total debt.
Reducing Debt: TATEL's debt to equity ratio has reduced from 44.3% to 43.1% over the past 5 years.
Debt Coverage: TATEL's debt is well covered by operating cash flow (44.1%).
Interest Coverage: TATEL earns more interest than it pays, so coverage of interest payments is not a concern.