Town Centre Securities Balance Sheet Health
Financial Health criteria checks 1/6
Town Centre Securities has a total shareholder equity of £141.1M and total debt of £125.2M, which brings its debt-to-equity ratio to 88.7%. Its total assets and total liabilities are £306.7M and £165.6M respectively. Town Centre Securities's EBIT is £8.9M making its interest coverage ratio 1.3. It has cash and short-term investments of £23.3M.
Key information
88.7%
Debt to equity ratio
UK£125.18m
Debt
| Interest coverage ratio | 1.3x |
| Cash | UK£23.32m |
| Equity | UK£141.09m |
| Total liabilities | UK£165.59m |
| Total assets | UK£306.68m |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: TOWNL's short term assets (£26.6M) do not cover its short term liabilities (£38.8M).
Long Term Liabilities: TOWNL's short term assets (£26.6M) do not cover its long term liabilities (£126.8M).
Debt to Equity History and Analysis
Debt Level: TOWNL's net debt to equity ratio (72.2%) is considered high.
Reducing Debt: TOWNL's debt to equity ratio has reduced from 103.5% to 88.7% over the past 5 years.
Debt Coverage: TOWNL's debt is not well covered by operating cash flow (6.4%).
Interest Coverage: TOWNL's interest payments on its debt are not well covered by EBIT (1.3x coverage).