Safestore Holdings Balance Sheet Health
Financial Health criteria checks 3/6
Safestore Holdings has a total shareholder equity of £2.0B and total debt of £771.2M, which brings its debt-to-equity ratio to 37.8%. Its total assets and total liabilities are £3.1B and £1.1B respectively. Safestore Holdings's EBIT is £133.8M making its interest coverage ratio 5.6. It has cash and short-term investments of £13.8M.
Key information
37.8%
Debt to equity ratio
UK£771.20m
Debt
| Interest coverage ratio | 5.6x |
| Cash | UK£13.80m |
| Equity | UK£2.04b |
| Total liabilities | UK£1.08b |
| Total assets | UK£3.12b |
Recent financial health updates
No updates
Financial Position Analysis
Short Term Liabilities: SAFE's short term assets (£44.7M) do not cover its short term liabilities (£106.1M).
Long Term Liabilities: SAFE's short term assets (£44.7M) do not cover its long term liabilities (£971.3M).
Debt to Equity History and Analysis
Debt Level: SAFE's net debt to equity ratio (37.1%) is considered satisfactory.
Reducing Debt: SAFE's debt to equity ratio has reduced from 48.2% to 37.8% over the past 5 years.
Debt Coverage: SAFE's debt is not well covered by operating cash flow (13.9%).
Interest Coverage: SAFE's interest payments on its debt are well covered by EBIT (5.6x coverage).