Carclo Balance Sheet Health
Financial Health criteria checks 2/6
Carclo has a total shareholder equity of £6.9M and total debt of £25.0M, which brings its debt-to-equity ratio to 360.3%. Its total assets and total liabilities are £111.4M and £104.5M respectively. Carclo's EBIT is £2.5M making its interest coverage ratio 0.7. It has cash and short-term investments of £7.2M.
Key information
360.3%
Debt to equity ratio
UK£25.02m
Debt
| Interest coverage ratio | 0.7x |
| Cash | UK£7.19m |
| Equity | UK£6.95m |
| Total liabilities | UK£104.48m |
| Total assets | UK£111.42m |
Recent financial health updates
Carclo (LON:CAR) Has A Somewhat Strained Balance Sheet
Mar 27
We Think Carclo (LON:CAR) Is Taking Some Risk With Its Debt
Nov 22Carclo (LON:CAR) Has No Shortage Of Debt
Aug 12Recent updates
Carclo (LON:CAR) Is Finding It Tricky To Allocate Its Capital
Mar 09Why Carclo plc (LON:CAR) Could Be Worth Watching
Dec 01Carclo's (LON:CAR) Returns On Capital Not Reflecting Well On The Business
Oct 14Is It Too Late To Consider Buying Carclo plc (LON:CAR)?
Jun 28Carclo's (LON:CAR) Returns On Capital Tell Us There Is Reason To Feel Uneasy
May 06Carclo (LON:CAR) Has A Somewhat Strained Balance Sheet
Mar 27Carclo (LON:CAR) May Have Issues Allocating Its Capital
Jan 10We Think Carclo (LON:CAR) Is Taking Some Risk With Its Debt
Nov 22At UK£0.41, Is Carclo plc (LON:CAR) Worth Looking At Closely?
Oct 27Investors Could Be Concerned With Carclo's (LON:CAR) Returns On Capital
Sep 22Carclo (LON:CAR) Has No Shortage Of Debt
Aug 12Carclo's (LON:CAR) Profits Appear To Have Quality Issues
Jul 07Are Investors Concerned With What's Going On At Carclo (LON:CAR)?
Mar 02Executive Chairman of the Board Nick Sanders Just Bought 418% More Shares In Carclo plc (LON:CAR)
Jan 09Returns On Capital - An Important Metric For Carclo (LON:CAR)
Nov 18
Financial Position Analysis
Short Term Liabilities: CAR's short term assets (£42.8M) exceed its short term liabilities (£30.9M).
Long Term Liabilities: CAR's short term assets (£42.8M) do not cover its long term liabilities (£73.5M).
Debt to Equity History and Analysis
Debt Level: CAR's net debt to equity ratio (256.8%) is considered high.
Reducing Debt: CAR's debt to equity ratio has increased from 83.6% to 360.3% over the past 5 years.
Debt Coverage: CAR's debt is well covered by operating cash flow (54.5%).
Interest Coverage: CAR's interest payments on its debt are not well covered by EBIT (0.7x coverage).