Forterra Balance Sheet Health
Financial Health criteria checks 3/6
Forterra has a total shareholder equity of £207.8M and total debt of £109.2M, which brings its debt-to-equity ratio to 52.6%. Its total assets and total liabilities are £444.7M and £236.9M respectively. Forterra's EBIT is £38.3M making its interest coverage ratio 5.5. It has cash and short-term investments of £16.0M.
Key information
52.6%
Debt to equity ratio
UK£109.20m
Debt
| Interest coverage ratio | 5.5x |
| Cash | UK£16.00m |
| Equity | UK£207.80m |
| Total liabilities | UK£236.90m |
| Total assets | UK£444.70m |
Recent financial health updates
Is Forterra (LON:FORT) A Risky Investment?
Dec 16
Here's Why Forterra (LON:FORT) Can Manage Its Debt Responsibly
Mar 11Recent updates
Forterra (LON:FORT) Has Announced That Its Dividend Will Be Reduced To £0.02
Apr 17Lacklustre Performance Is Driving Forterra plc's (LON:FORT) Low P/E
Dec 21Forterra (LON:FORT) Is Paying Out A Larger Dividend Than Last Year
May 25Forterra's (LON:FORT) Dividend Will Be Increased To £0.101
Mar 12Forterra's (LON:FORT) Upcoming Dividend Will Be Larger Than Last Year's
Aug 14Forterra's (LON:FORT) Upcoming Dividend Will Be Larger Than Last Year's
Jul 31Forterra (LON:FORT) Could Be Struggling To Allocate Capital
Apr 23Why The 29% Return On Capital At Forterra (LON:FORT) Should Have Your Attention
Jan 11Is Forterra (LON:FORT) A Risky Investment?
Dec 16Forterra plc (LON:FORT) Shares Could Be 21% Below Their Intrinsic Value Estimate
Nov 17When Should You Buy Forterra plc (LON:FORT)?
Sep 08Shareholders Will Be Pleased With The Quality of Forterra's (LON:FORT) Earnings
Aug 06Returns On Capital Signal Difficult Times Ahead For Forterra (LON:FORT)
Jun 07Should Shareholders Reconsider Forterra plc's (LON:FORT) CEO Compensation Package?
May 12Here's Why Forterra (LON:FORT) Can Manage Its Debt Responsibly
Mar 11Have Insiders Sold Forterra plc (LON:FORT) Shares Recently?
Feb 03
Forterra's (LON:FORT) Shareholders Are Down 32% On Their Shares
Dec 22Does Forterra's (LON:FORT) CEO Salary Compare Well With The Performance Of The Company?
Nov 26Financial Position Analysis
Short Term Liabilities: FORT's short term assets (£146.7M) exceed its short term liabilities (£93.9M).
Long Term Liabilities: FORT's short term assets (£146.7M) exceed its long term liabilities (£143.0M).
Debt to Equity History and Analysis
Debt Level: FORT's net debt to equity ratio (44.9%) is considered high.
Reducing Debt: FORT's debt to equity ratio has increased from 48.3% to 52.6% over the past 5 years.
Debt Coverage: FORT's operating cash flow is negative, therefore debt is not well covered.
Interest Coverage: FORT's interest payments on its debt are well covered by EBIT (5.5x coverage).