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
Tate & Lyle (LON:TATE) Seems To Use Debt Quite Sensibly
Jan 01
Is Tate & Lyle (LON:TATE) Using Too Much Debt?
Jul 14Tate & Lyle (LON:TATE) Seems To Use Debt Quite Sensibly
Mar 24Does Tate & Lyle (LON:TATE) Have A Healthy Balance Sheet?
Dec 06We Think Tate & Lyle (LON:TATE) Can Stay On Top Of Its Debt
Aug 23Does Tate & Lyle (LON:TATE) Have A Healthy Balance Sheet?
Feb 25Recent updates
Return Trends At Tate & Lyle (LON:TATE) Aren't Appealing
Jan 15Tate & Lyle (LON:TATE) Seems To Use Debt Quite Sensibly
Jan 01Tate & Lyle plc's (LON:TATE) Business Is Yet to Catch Up With Its Share Price
Dec 18Tate & Lyle plc (LON:TATE) Shares Could Be 47% Below Their Intrinsic Value Estimate
Nov 05Tate & Lyle's (LON:TATE) Returns Have Hit A Wall
Oct 05Is Tate & Lyle plc (LON:TATE) Trading At A 28% Discount?
Aug 04Is Tate & Lyle (LON:TATE) Using Too Much Debt?
Jul 14The Returns At Tate & Lyle (LON:TATE) Aren't Growing
Jun 22Tate & Lyle (LON:TATE) Has Announced That It Will Be Increasing Its Dividend To £0.131
May 28Tate & Lyle plc (LON:TATE) Analysts Just Slashed This Year's Revenue Estimates By 12%
May 27Tate & Lyle plc (LON:TATE) Shares Could Be 24% Below Their Intrinsic Value Estimate
May 04Tate & Lyle (LON:TATE) Seems To Use Debt Quite Sensibly
Mar 24A Look At The Intrinsic Value Of Tate & Lyle plc (LON:TATE)
Jan 25Does Tate & Lyle (LON:TATE) Have A Healthy Balance Sheet?
Dec 06Tate & Lyle (LON:TATE) Has Announced That Its Dividend Will Be Reduced To £0.054
Nov 17We Think Tate & Lyle (LON:TATE) Can Stay On Top Of Its Debt
Aug 23Tate & Lyle (LON:TATE) Will Pay A Smaller Dividend Than Last Year
Jun 29Tate & Lyle's (LON:TATE) Shareholders Will Receive A Smaller Dividend Than Last Year
Jun 12A Look At The Fair Value Of Tate & Lyle plc (LON:TATE)
Mar 18Does Tate & Lyle (LON:TATE) Have A Healthy Balance Sheet?
Feb 25Is Tate & Lyle plc (LON:TATE) Expensive For A Reason? A Look At Its Intrinsic Value
Dec 12Tate & Lyle's (LON:TATE) Upcoming Dividend Will Be Larger Than Last Year's
Nov 07Is Tate & Lyle (LON:TATE) Using Too Much Debt?
Nov 06Auditors Have Doubts About Tate & Lyle (LON:TATE)
Jun 20Here's Why Tate & Lyle (LON:TATE) Can Manage Its Debt Responsibly
Mar 29Are Robust Financials Driving The Recent Rally In Tate & Lyle plc's (LON:TATE) Stock?
Mar 10The Returns At Tate & Lyle (LON:TATE) Provide Us With Signs Of What's To Come
Feb 16Tate & Lyle plc's (LON:TATE) Intrinsic Value Is Potentially 99% Above Its Share Price
Feb 03
Should Tate & Lyle plc (LON:TATE) Be Part Of Your Dividend Portfolio?
Jan 20How Much is Tate & Lyle's (LON:TATE) CEO Getting Paid?
Jan 04Financial Position Analysis
Short Term Liabilities: TATE's short term assets (£1.1B) exceed its short term liabilities (£383.0M).
Long Term Liabilities: TATE's short term assets (£1.1B) exceed its long term liabilities (£737.0M).
Debt to Equity History and Analysis
Debt Level: TATE's net debt to equity ratio (16.3%) is considered satisfactory.
Reducing Debt: TATE's debt to equity ratio has increased from 42.6% to 48.6% over the past 5 years.
Debt Coverage: TATE's debt is not well covered by operating cash flow (19.4%).
Interest Coverage: TATE's interest payments on its debt are well covered by EBIT (22.9x coverage).