Forterra Balance Sheet Health
Financial Health criteria checks 3/6
Forterra has a total shareholder equity of £217.7M and total debt of £112.6M, which brings its debt-to-equity ratio to 51.7%. Its total assets and total liabilities are £455.2M and £237.5M respectively. Forterra's EBIT is £35.4M making its interest coverage ratio 3.8. It has cash and short-term investments of £11.4M.
Key information
51.7%
Debt to equity ratio
UK£112.60m
Debt
| Interest coverage ratio | 3.8x |
| Cash | UK£11.40m |
| Equity | UK£217.70m |
| Total liabilities | UK£237.50m |
| Total assets | UK£455.20m |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: FORTL's short term assets (£164.4M) exceed its short term liabilities (£91.6M).
Long Term Liabilities: FORTL's short term assets (£164.4M) exceed its long term liabilities (£145.9M).
Debt to Equity History and Analysis
Debt Level: FORTL's net debt to equity ratio (46.5%) is considered high.
Reducing Debt: FORTL's debt to equity ratio has increased from 47.8% to 51.7% over the past 5 years.
Debt Coverage: FORTL's debt is not well covered by operating cash flow (3.6%).
Interest Coverage: FORTL's interest payments on its debt are well covered by EBIT (3.8x coverage).