Castings Balance Sheet Health
Financial Health criteria checks 6/6
Castings has a total shareholder equity of £127.9M and total debt of £0.0, which brings its debt-to-equity ratio to 0%. Its total assets and total liabilities are £163.7M and £35.8M respectively. Castings's EBIT is £13.6M making its interest coverage ratio -9.4. It has cash and short-term investments of £16.4M.
Key information
0%
Debt to equity ratio
UK£0
Debt
| Interest coverage ratio | -9.4x |
| Cash | UK£16.35m |
| Equity | UK£127.92m |
| Total liabilities | UK£35.77m |
| Total assets | UK£163.69m |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: CGSL's short term assets (£98.3M) exceed its short term liabilities (£27.8M).
Long Term Liabilities: CGSL's short term assets (£98.3M) exceed its long term liabilities (£7.9M).
Debt to Equity History and Analysis
Debt Level: CGSL is debt free.
Reducing Debt: CGSL has not had any debt for past 5 years.
Debt Coverage: CGSL has no debt, therefore it does not need to be covered by operating cash flow.
Interest Coverage: CGSL has no debt, therefore coverage of interest payments is not a concern.