Celtic Balance Sheet Health
Financial Health criteria checks 6/6
Celtic has a total shareholder equity of £130.9M and total debt of £4.3M, which brings its debt-to-equity ratio to 3.3%. Its total assets and total liabilities are £211.7M and £80.8M respectively. Celtic's EBIT is £9.7M making its interest coverage ratio -4.1. It has cash and short-term investments of £67.3M.
Key information
3.3%
Debt to equity ratio
UK£4.27m
Debt
| Interest coverage ratio | -4.1x |
| Cash | UK£67.33m |
| Equity | UK£130.91m |
| Total liabilities | UK£80.81m |
| Total assets | UK£211.72m |
Recent financial health updates
Is Celtic (LON:CCP) Using Debt In A Risky Way?
Apr 07
Is Celtic (LON:CCP) Weighed On By Its Debt Load?
Apr 04Does Celtic (LON:CCP) Have A Healthy Balance Sheet?
Dec 02Recent updates
Here'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 (£114.1M) exceed its short term liabilities (£66.3M).
Long Term Liabilities: CCP's short term assets (£114.1M) exceed its long term liabilities (£14.5M).
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 3.3% over the past 5 years.
Debt Coverage: CCP's debt is well covered by operating cash flow (537.9%).
Interest Coverage: CCP earns more interest than it pays, so coverage of interest payments is not a concern.