Ibstock Balance Sheet Health
Financial Health criteria checks 4/6
Ibstock has a total shareholder equity of £394.4M and total debt of £144.4M, which brings its debt-to-equity ratio to 36.6%. Its total assets and total liabilities are £760.2M and £365.8M respectively. Ibstock's EBIT is £40.8M making its interest coverage ratio 7.2. It has cash and short-term investments of £6.6M.
Key information
36.6%
Debt to equity ratio
UK£144.43m
Debt
| Interest coverage ratio | 7.2x |
| Cash | UK£6.60m |
| Equity | UK£394.41m |
| Total liabilities | UK£365.79m |
| Total assets | UK£760.20m |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: IBSTL's short term assets (£185.0M) exceed its short term liabilities (£135.1M).
Long Term Liabilities: IBSTL's short term assets (£185.0M) do not cover its long term liabilities (£230.7M).
Debt to Equity History and Analysis
Debt Level: IBSTL's net debt to equity ratio (34.9%) is considered satisfactory.
Reducing Debt: IBSTL's debt to equity ratio has increased from 20.1% to 36.6% over the past 5 years.
Debt Coverage: IBSTL's debt is well covered by operating cash flow (33.2%).
Interest Coverage: IBSTL's interest payments on its debt are well covered by EBIT (7.2x coverage).