SpaceandPeople Balance Sheet Health
Financial Health criteria checks 4/6
SpaceandPeople has a total shareholder equity of £3.0M and total debt of £997.0K, which brings its debt-to-equity ratio to 33.1%. Its total assets and total liabilities are £8.9M and £5.9M respectively. SpaceandPeople's EBIT is £443.0K making its interest coverage ratio 3.5. It has cash and short-term investments of £595.0K.
Key information
33.1%
Debt to equity ratio
UK£997.00k
Debt
| Interest coverage ratio | 3.5x |
| Cash | UK£595.00k |
| Equity | UK£3.02m |
| Total liabilities | UK£5.88m |
| Total assets | UK£8.90m |
Financial Position Analysis
Short Term Liabilities: SAL's short term assets (£2.7M) do not cover its short term liabilities (£5.1M).
Long Term Liabilities: SAL's short term assets (£2.7M) exceed its long term liabilities (£788.0K).
Debt to Equity History and Analysis
Debt Level: SAL's net debt to equity ratio (13.3%) is considered satisfactory.
Reducing Debt: SAL's debt to equity ratio has increased from 5.5% to 33.1% over the past 5 years.
Debt Coverage: SAL's debt is well covered by operating cash flow (81.6%).
Interest Coverage: SAL's interest payments on its debt are well covered by EBIT (3.5x coverage).