Town Centre Securities Balance Sheet Health
Financial Health criteria checks 0/6
Town Centre Securities has a total shareholder equity of £119.6M and total debt of £130.8M, which brings its debt-to-equity ratio to 109.3%. Its total assets and total liabilities are £292.4M and £172.8M respectively. Town Centre Securities's EBIT is £9.9M making its interest coverage ratio 1.4. It has cash and short-term investments of £22.2M.
Key information
109.3%
Debt to equity ratio
UK£130.77m
Debt
| Interest coverage ratio | 1.4x |
| Cash | UK£22.15m |
| Equity | UK£119.64m |
| Total liabilities | UK£172.80m |
| Total assets | UK£292.43m |
Financial Position Analysis
Short Term Liabilities: TOWN's short term assets (£29.3M) do not cover its short term liabilities (£36.0M).
Long Term Liabilities: TOWN's short term assets (£29.3M) do not cover its long term liabilities (£136.8M).
Debt to Equity History and Analysis
Debt Level: TOWN's net debt to equity ratio (90.8%) is considered high.
Reducing Debt: TOWN's debt to equity ratio has increased from 106.9% to 109.3% over the past 5 years.
Debt Coverage: TOWN's debt is not well covered by operating cash flow (5%).
Interest Coverage: TOWN's interest payments on its debt are not well covered by EBIT (1.4x coverage).