Carclo Balance Sheet Health
Financial Health criteria checks 3/6
Carclo has a total shareholder equity of £3.7M and total debt of £24.3M, which brings its debt-to-equity ratio to 663%. Its total assets and total liabilities are £100.9M and £97.3M respectively. Carclo's EBIT is £4.9M making its interest coverage ratio 1.3. It has cash and short-term investments of £6.0M.
Key information
663.0%
Debt to equity ratio
UK£24.26m
Debt
| Interest coverage ratio | 1.3x |
| Cash | UK£5.97m |
| Equity | UK£3.66m |
| Total liabilities | UK£97.28m |
| Total assets | UK£100.94m |
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
Further Upside For Carclo plc (LON:CAR) Shares Could Introduce Price Risks After 32% Bounce
Sep 15Carclo (LON:CAR) Has Some Difficulty Using Its Capital Effectively
Sep 06Further Upside For Carclo plc (LON:CAR) Shares Could Introduce Price Risks After 80% Bounce
Aug 01Carclo (LON:CAR) Will Be Hoping To Turn Its Returns On Capital Around
May 22Carclo (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 (£37.8M) exceed its short term liabilities (£28.5M).
Long Term Liabilities: CAR's short term assets (£37.8M) do not cover its long term liabilities (£68.8M).
Debt to Equity History and Analysis
Debt Level: CAR's net debt to equity ratio (499.7%) is considered high.
Reducing Debt: CAR's debt to equity ratio has increased from 385.5% to 663% over the past 5 years.
Balance Sheet
Cash Runway Analysis
For companies that have on average been loss-making in the past, we assess whether they have at least 1 year of cash runway.
Stable Cash Runway: Whilst unprofitable CAR has sufficient cash runway for more than 3 years if it maintains its current positive free cash flow level.
Forecast Cash Runway: CAR is unprofitable but has sufficient cash runway for more than 3 years, due to free cash flow being positive and growing by 30.3% per year.