SpaceandPeople Balance Sheet Health
Financial Health criteria checks 3/6
SpaceandPeople has a total shareholder equity of £3.2M and total debt of £1.2M, which brings its debt-to-equity ratio to 36.1%. Its total assets and total liabilities are £9.9M and £6.7M respectively. SpaceandPeople's EBIT is £239.0K making its interest coverage ratio 1.8. It has cash and short-term investments of £1.9M.
Key information
36.1%
Debt to equity ratio
UK£1.16m
Debt
| Interest coverage ratio | 1.8x |
| Cash | UK£1.87m |
| Equity | UK£3.21m |
| Total liabilities | UK£6.66m |
| Total assets | UK£9.86m |
Financial Position Analysis
Short Term Liabilities: SAL's short term assets (£3.7M) do not cover its short term liabilities (£5.7M).
Long Term Liabilities: SAL's short term assets (£3.7M) exceed its long term liabilities (£985.0K).
Debt to Equity History and Analysis
Debt Level: SAL has more cash than its total debt.
Reducing Debt: SAL's debt to equity ratio has increased from 0% to 36.1% over the past 5 years.
Debt Coverage: SAL's debt is well covered by operating cash flow (60%).
Interest Coverage: SAL's interest payments on its debt are not well covered by EBIT (1.8x coverage).