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
Recent 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).
Balance Sheet
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Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2024/12/19 19:05 |
| End of Day Share Price | 2024/12/19 00:00 |
| Earnings | 2024/06/30 |
| Annual Earnings | 2023/12/31 |
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
Unite Group PLC is covered by 30 analysts. 6 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 |