Tate & Lyle Balance Sheet Health
Financial Health criteria checks 4/6
Tate & Lyle has a total shareholder equity of £1.2B and total debt of £588.0M, which brings its debt-to-equity ratio to 48.6%. Its total assets and total liabilities are £2.3B and £1.1B respectively. Tate & Lyle's EBIT is £229.0M making its interest coverage ratio 22.9. It has cash and short-term investments of £391.0M.
Key information
48.6%
Debt to equity ratio
UK£588.00m
Debt
Interest coverage ratio | 22.9x |
Cash | UK£391.00m |
Equity | UK£1.21b |
Total liabilities | UK£1.12b |
Total assets | UK£2.33b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: TATEL's short term assets (£1.1B) exceed its short term liabilities (£383.0M).
Long Term Liabilities: TATEL's short term assets (£1.1B) exceed its long term liabilities (£737.0M).
Debt to Equity History and Analysis
Debt Level: TATEL's net debt to equity ratio (16.3%) is considered satisfactory.
Reducing Debt: TATEL's debt to equity ratio has increased from 42.6% to 48.6% over the past 5 years.
Debt Coverage: TATEL's debt is not well covered by operating cash flow (19.4%).
Interest Coverage: TATEL's interest payments on its debt are well covered by EBIT (22.9x coverage).