Coral Products Balance Sheet Health
Financial Health criteria checks 4/6
Coral Products has a total shareholder equity of £14.4M and total debt of £9.6M, which brings its debt-to-equity ratio to 66.3%. Its total assets and total liabilities are £32.3M and £17.9M respectively. Coral Products's EBIT is £2.4M making its interest coverage ratio 3.5. It has cash and short-term investments of £2.9M.
Key information
66.3%
Debt to equity ratio
UK£9.58m
Debt
| Interest coverage ratio | 3.5x |
| Cash | UK£2.93m |
| Equity | UK£14.45m |
| Total liabilities | UK£17.87m |
| Total assets | UK£32.32m |
Recent financial health updates
Is Coral Products (LON:CRU) Using Too Much Debt?
Feb 01
Is Coral Products (LON:CRU) A Risky Investment?
Sep 29We Think Coral Products (LON:CRU) Can Manage Its Debt With Ease
Feb 08Is Coral Products (LON:CRU) Using Too Much Debt?
Oct 27We Think Coral Products (LON:CRU) Can Stay On Top Of Its Debt
Dec 11Recent updates
Investors Don't See Light At End Of Coral Products PLC's (LON:CRU) Tunnel And Push Stock Down 28%
Feb 22Is Coral Products (LON:CRU) Using Too Much Debt?
Feb 01Some May Be Optimistic About Coral Products' (LON:CRU) Earnings
Dec 18Coral Products (LON:CRU) Ticks All The Boxes When It Comes To Earnings Growth
Dec 02Is Coral Products (LON:CRU) A Risky Investment?
Sep 29Estimating The Fair Value Of Coral Products PLC (LON:CRU)
Jul 11Calculating The Fair Value Of Coral Products PLC (LON:CRU)
Mar 07Coral Products' (LON:CRU) Robust Earnings Are Supported By Other Strong Factors
Sep 19We Think Coral Products (LON:CRU) Can Manage Its Debt With Ease
Feb 08Is Coral Products (LON:CRU) Using Too Much Debt?
Oct 27What Can We Make Of Coral Products' (LON:CRU) CEO Compensation?
Mar 01We Think Coral Products (LON:CRU) Can Stay On Top Of Its Debt
Dec 11Financial Position Analysis
Short Term Liabilities: CRU's short term assets (£15.6M) exceed its short term liabilities (£11.2M).
Long Term Liabilities: CRU's short term assets (£15.6M) exceed its long term liabilities (£6.7M).
Debt to Equity History and Analysis
Debt Level: CRU's net debt to equity ratio (46%) is considered high.
Reducing Debt: CRU's debt to equity ratio has increased from 55.2% to 66.3% over the past 5 years.
Debt Coverage: CRU's debt is well covered by operating cash flow (24.4%).
Interest Coverage: CRU's interest payments on its debt are well covered by EBIT (3.5x coverage).