Workspace Group Balance Sheet Health
Financial Health criteria checks 1/6
Workspace Group has a total shareholder equity of £1.5B and total debt of £854.8M, which brings its debt-to-equity ratio to 55.2%. Its total assets and total liabilities are £2.5B and £982.5M respectively. Workspace Group's EBIT is £100.9M making its interest coverage ratio 2.9. It has cash and short-term investments of £11.6M.
Key information
55.2%
Debt to equity ratio
UK£854.80m
Debt
| Interest coverage ratio | 2.9x |
| Cash | UK£11.60m |
| Equity | UK£1.55b |
| Total liabilities | UK£982.50m |
| Total assets | UK£2.53b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: WKPL's short term assets (£114.0M) exceed its short term liabilities (£93.0M).
Long Term Liabilities: WKPL's short term assets (£114.0M) do not cover its long term liabilities (£889.5M).
Debt to Equity History and Analysis
Debt Level: WKPL's net debt to equity ratio (54.4%) is considered high.
Reducing Debt: WKPL's debt to equity ratio has increased from 30.6% to 55.2% over the past 5 years.
Debt Coverage: WKPL's debt is not well covered by operating cash flow (6.3%).
Interest Coverage: WKPL's interest payments on its debt are not well covered by EBIT (2.9x coverage).