Zotefoams Balance Sheet Health
Financial Health criteria checks 5/6
Zotefoams has a total shareholder equity of £120.3M and total debt of £43.1M, which brings its debt-to-equity ratio to 35.8%. Its total assets and total liabilities are £196.6M and £76.3M respectively. Zotefoams's EBIT is £16.2M making its interest coverage ratio 6.4. It has cash and short-term investments of £7.9M.
Key information
35.8%
Debt to equity ratio
UK£43.06m
Debt
| Interest coverage ratio | 6.4x |
| Cash | UK£7.94m |
| Equity | UK£120.26m |
| Total liabilities | UK£76.29m |
| Total assets | UK£196.56m |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: ZTFL's short term assets (£81.6M) exceed its short term liabilities (£62.7M).
Long Term Liabilities: ZTFL's short term assets (£81.6M) exceed its long term liabilities (£13.6M).
Debt to Equity History and Analysis
Debt Level: ZTFL's net debt to equity ratio (29.2%) is considered satisfactory.
Reducing Debt: ZTFL's debt to equity ratio has increased from 32.5% to 35.8% over the past 5 years.
Debt Coverage: ZTFL's debt is well covered by operating cash flow (23.2%).
Interest Coverage: ZTFL's interest payments on its debt are well covered by EBIT (6.4x coverage).