Unite Group Balance Sheet Health
Financial Health criteria checks 3/6
Unite Group has a total shareholder equity of £4.3B and total debt of £1.6B, which brings its debt-to-equity ratio to 36.7%. Its total assets and total liabilities are £6.2B and £1.9B respectively. Unite Group's EBIT is £232.8M making its interest coverage ratio 5.1. It has cash and short-term investments of £591.7M.
Key information
36.7%
Debt to equity ratio
UK£1.58b
Debt
| Interest coverage ratio | 5.1x |
| Cash | UK£591.70m |
| Equity | UK£4.30b |
| Total liabilities | UK£1.87b |
| Total assets | UK£6.17b |
Recent financial health updates
No updates
Financial Position Analysis
Short Term Liabilities: UTG's short term assets (£830.5M) exceed its short term liabilities (£524.6M).
Long Term Liabilities: UTG's short term assets (£830.5M) do not cover its long term liabilities (£1.3B).
Debt to Equity History and Analysis
Debt Level: UTG's net debt to equity ratio (22.9%) is considered satisfactory.
Reducing Debt: UTG's debt to equity ratio has increased from 27.2% to 36.7% over the past 5 years.
Debt Coverage: UTG's debt is not well covered by operating cash flow (9.7%).
Interest Coverage: UTG's interest payments on its debt are well covered by EBIT (5.1x coverage).