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
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: CCPA's short term assets (£114.1M) exceed its short term liabilities (£66.3M).
Long Term Liabilities: CCPA's short term assets (£114.1M) exceed its long term liabilities (£14.5M).
Debt to Equity History and Analysis
Debt Level: CCPA has more cash than its total debt.
Reducing Debt: CCPA's debt to equity ratio has reduced from 11.8% to 3.3% over the past 5 years.
Debt Coverage: CCPA's debt is well covered by operating cash flow (537.9%).
Interest Coverage: CCPA earns more interest than it pays, so coverage of interest payments is not a concern.