Celtic Balance Sheet Health
Financial Health criteria checks 6/6
Celtic has a total shareholder equity of £121.6M and total debt of £4.2M, which brings its debt-to-equity ratio to 3.5%. Its total assets and total liabilities are £218.1M and £96.4M respectively. Celtic's EBIT is £7.7M making its interest coverage ratio -2.3. It has cash and short-term investments of £77.2M.
Key information
3.5%
Debt to equity ratio
UK£4.24m
Debt
| Interest coverage ratio | -2.3x |
| Cash | UK£77.23m |
| Equity | UK£121.64m |
| Total liabilities | UK£96.45m |
| Total assets | UK£218.09m |
Recent financial health updates
Celtic (LON:CCP) Has A Pretty Healthy Balance Sheet
Nov 12
Is Celtic (LON:CCP) Using Debt In A Risky Way?
Apr 07Is Celtic (LON:CCP) Weighed On By Its Debt Load?
Apr 04Does Celtic (LON:CCP) Have A Healthy Balance Sheet?
Dec 02Recent updates
Shareholders May Not Be So Generous With Celtic plc's (LON:CCP) CEO Compensation And Here's Why
Nov 15Celtic (LON:CCP) Has A Pretty Healthy Balance Sheet
Nov 12Weak Statutory Earnings May Not Tell The Whole Story For Celtic (LON:CCP)
Sep 23Returns On Capital Are Showing Encouraging Signs At Celtic (LON:CCP)
Sep 13Here's Why We Think Celtic (LON:CCP) Is Well Worth Watching
Aug 12Improved Earnings Required Before Celtic plc (LON:CCP) Stock's 27% Jump Looks Justified
Jul 03Returns On Capital Are Showing Encouraging Signs At Celtic (LON:CCP)
Oct 20Is Celtic (LON:CCP) Using Debt In A Risky Way?
Apr 07Is Celtic (LON:CCP) Weighed On By Its Debt Load?
Apr 04How Much Of Celtic plc (LON:CCP) Do Insiders Own?
Feb 28How Much Did Celtic's(LON:CCP) Shareholders Earn From Share Price Movements Over The Last Year?
Jan 24Does Celtic (LON:CCP) Have A Healthy Balance Sheet?
Dec 02Financial Position Analysis
Short Term Liabilities: CCP's short term assets (£122.7M) exceed its short term liabilities (£84.1M).
Long Term Liabilities: CCP's short term assets (£122.7M) exceed its long term liabilities (£12.3M).
Debt to Equity History and Analysis
Debt Level: CCP has more cash than its total debt.
Reducing Debt: CCP's debt to equity ratio has reduced from 11.8% to 3.5% over the past 5 years.
Debt Coverage: CCP's debt is well covered by operating cash flow (424.5%).
Interest Coverage: CCP earns more interest than it pays, so coverage of interest payments is not a concern.