Unite Group Balance Sheet Health
Financial Health criteria checks 3/6
Unite Group has a total shareholder equity of £4.1B and total debt of £1.1B, which brings its debt-to-equity ratio to 26.4%. Its total assets and total liabilities are £5.5B and £1.4B respectively. Unite Group's EBIT is £207.1M making its interest coverage ratio 4.3. It has cash and short-term investments of £37.5M.
Key information
26.4%
Debt to equity ratio
UK£1.08b
Debt
Interest coverage ratio | 4.3x |
Cash | UK£37.50m |
Equity | UK£4.09b |
Total liabilities | UK£1.38b |
Total assets | UK£5.47b |
Recent financial health updates
No updates
Financial Position Analysis
Short Term Liabilities: UTG's short term assets (£222.2M) do not cover its short term liabilities (£517.2M).
Long Term Liabilities: UTG's short term assets (£222.2M) do not cover its long term liabilities (£860.6M).
Debt to Equity History and Analysis
Debt Level: UTG's net debt to equity ratio (25.5%) is considered satisfactory.
Reducing Debt: UTG's debt to equity ratio has reduced from 28.2% to 26.4% over the past 5 years.
Debt Coverage: UTG's debt is not well covered by operating cash flow (14.2%).
Interest Coverage: UTG's interest payments on its debt are well covered by EBIT (4.3x coverage).