Helical Balance Sheet Health
Financial Health criteria checks 2/6
Helical has a total shareholder equity of £401.1M and total debt of £227.6M, which brings its debt-to-equity ratio to 56.8%. Its total assets and total liabilities are £657.9M and £256.8M respectively. Helical's EBIT is £12.4M making its interest coverage ratio 1.6. It has cash and short-term investments of £28.6M.
Key information
56.8%
Debt to equity ratio
UK£227.63m
Debt
| Interest coverage ratio | 1.6x |
| Cash | UK£28.63m |
| Equity | UK£401.08m |
| Total liabilities | UK£256.79m |
| Total assets | UK£657.87m |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: HLCLL's short term assets (£88.4M) exceed its short term liabilities (£25.7M).
Long Term Liabilities: HLCLL's short term assets (£88.4M) do not cover its long term liabilities (£231.1M).
Debt to Equity History and Analysis
Debt Level: HLCLL's net debt to equity ratio (49.6%) is considered high.
Reducing Debt: HLCLL's debt to equity ratio has reduced from 75.7% to 56.8% over the past 5 years.
Debt Coverage: HLCLL's debt is not well covered by operating cash flow (5.4%).
Interest Coverage: HLCLL's interest payments on its debt are not well covered by EBIT (1.6x coverage).