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).
Balance Sheet
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Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2024/12/25 21:17 |
| End of Day Share Price | 2024/12/24 00:00 |
| Earnings | 2024/04/30 |
| Annual Earnings | 2023/10/31 |
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
Safestore Holdings Plc is covered by 27 analysts. 9 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 |