Hill & Smith Balance Sheet Health
Financial Health criteria checks 6/6
Hill & Smith has a total shareholder equity of £424.5M and total debt of £99.1M, which brings its debt-to-equity ratio to 23.3%. Its total assets and total liabilities are £715.0M and £290.5M respectively. Hill & Smith's EBIT is £110.3M making its interest coverage ratio 11.4. It has cash and short-term investments of £34.4M.
Key information
23.3%
Debt to equity ratio
UK£99.10m
Debt
Interest coverage ratio | 11.4x |
Cash | UK£34.40m |
Equity | UK£424.50m |
Total liabilities | UK£290.50m |
Total assets | UK£715.00m |
Recent financial health updates
Recent updates
Financial Position Analysis
Short Term Liabilities: HILSl's short term assets (£281.1M) exceed its short term liabilities (£139.5M).
Long Term Liabilities: HILSl's short term assets (£281.1M) exceed its long term liabilities (£151.0M).
Debt to Equity History and Analysis
Debt Level: HILSl's net debt to equity ratio (15.2%) is considered satisfactory.
Reducing Debt: HILSl's debt to equity ratio has reduced from 57.9% to 23.3% over the past 5 years.
Debt Coverage: HILSl's debt is well covered by operating cash flow (130.4%).
Interest Coverage: HILSl's interest payments on its debt are well covered by EBIT (11.4x coverage).