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 £855.4M, which brings its debt-to-equity ratio to 56.1%. Its total assets and total liabilities are £2.5B and £982.3M respectively. Workspace Group's EBIT is £98.9M making its interest coverage ratio 3.1. It has cash and short-term investments of £9.0M.
Key information
56.1%
Debt to equity ratio
UK£855.40m
Debt
| Interest coverage ratio | 3.1x |
| Cash | UK£9.00m |
| Equity | UK£1.52b |
| Total liabilities | UK£982.30m |
| Total assets | UK£2.51b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: WKPL's short term assets (£93.4M) do not cover its short term liabilities (£171.8M).
Long Term Liabilities: WKPL's short term assets (£93.4M) do not cover its long term liabilities (£810.5M).
Debt to Equity History and Analysis
Debt Level: WKPL's net debt to equity ratio (55.5%) is considered high.
Reducing Debt: WKPL's debt to equity ratio has increased from 30.5% to 56.1% over the past 5 years.
Debt Coverage: WKPL's debt is not well covered by operating cash flow (8.7%).
Interest Coverage: WKPL's interest payments on its debt are well covered by EBIT (3.1x coverage).
Balance Sheet
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Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2024/12/23 06:23 |
| End of Day Share Price | 2024/12/20 00:00 |
| Earnings | 2024/09/30 |
| Annual Earnings | 2024/03/31 |
Data Sources
The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.
| Package | Data | Timeframe | Example US Source * |
|---|---|---|---|
| Company Financials | 10 years |
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| Analyst Consensus Estimates | +3 years |
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| Market Prices | 30 years |
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| Ownership | 10 years |
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| Management | 10 years |
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| Key Developments | 10 years |
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* example for US securities, for non-US equivalent regulatory forms and sources are used.
Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.
Analysis Model and Snowflake
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Industry and Sector Metrics
Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on .
Analyst Sources
Workspace Group Plc is covered by 26 analysts. 5 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.
| Analyst | Institution |
|---|---|
| Paul May | Barclays |
| Paul May | Barclays |
| Miranda Cockburn | Berenberg |