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
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: CCPA's short term assets (£122.7M) exceed its short term liabilities (£84.1M).
Long Term Liabilities: CCPA's short term assets (£122.7M) exceed its long term liabilities (£12.3M).
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 3.5% over the past 5 years.
Debt Coverage: CCPA's debt is well covered by operating cash flow (424.5%).
Interest Coverage: CCPA earns more interest than it pays, so coverage of interest payments is not a concern.