Town Centre Securities Balance Sheet Health
Financial Health criteria checks 0/6
Town Centre Securities has a total shareholder equity of £124.0M and total debt of £132.7M, which brings its debt-to-equity ratio to 107.1%. Its total assets and total liabilities are £298.0M and £174.1M respectively. Town Centre Securities's EBIT is £9.1M making its interest coverage ratio 1.4. It has cash and short-term investments of £23.6M.
Key information
107.1%
Debt to equity ratio
UK£132.74m
Debt
Interest coverage ratio | 1.4x |
Cash | UK£23.59m |
Equity | UK£123.97m |
Total liabilities | UK£174.06m |
Total assets | UK£298.04m |
Financial Position Analysis
Short Term Liabilities: TOWN's short term assets (£27.4M) do not cover its short term liabilities (£38.9M).
Long Term Liabilities: TOWN's short term assets (£27.4M) do not cover its long term liabilities (£135.2M).
Debt to Equity History and Analysis
Debt Level: TOWN's net debt to equity ratio (88%) is considered high.
Reducing Debt: TOWN's debt to equity ratio has increased from 97.5% to 107.1% over the past 5 years.
Debt Coverage: TOWN's debt is not well covered by operating cash flow (4.3%).
Interest Coverage: TOWN's interest payments on its debt are not well covered by EBIT (1.4x coverage).