Workspace Group Balance Sheet Health
Financial Health criteria checks 1/6
Workspace Group has a total shareholder equity of £1.6B and total debt of £867.3M, which brings its debt-to-equity ratio to 54%. Its total assets and total liabilities are £2.6B and £1.0B respectively. Workspace Group's EBIT is £101.7M making its interest coverage ratio 2.7. It has cash and short-term investments of £10.3M.
Key information
54.0%
Debt to equity ratio
UK£867.30m
Debt
Interest coverage ratio | 2.7x |
Cash | UK£10.30m |
Equity | UK£1.61b |
Total liabilities | UK£1.00b |
Total assets | UK£2.61b |
Recent financial health updates
No updates
Recent updates
What You Need To Know About The Workspace Group plc (LON:WKP) Analyst Downgrade Today
Nov 25Time To Worry? Analysts Just Downgraded Their Workspace Group plc (LON:WKP) Outlook
Jun 16Would Shareholders Who Purchased Workspace Group's (LON:WKP) Stock Year Be Happy With The Share price Today?
Feb 10Analyst Forecasts For Workspace Group plc (LON:WKP) Are Surging Higher
Dec 17Financial Position Analysis
Short Term Liabilities: WKP's short term assets (£128.9M) exceed its short term liabilities (£99.1M).
Long Term Liabilities: WKP's short term assets (£128.9M) do not cover its long term liabilities (£902.0M).
Debt to Equity History and Analysis
Debt Level: WKP's net debt to equity ratio (53.3%) is considered high.
Reducing Debt: WKP's debt to equity ratio has increased from 26.4% to 54% over the past 5 years.
Debt Coverage: WKP's debt is not well covered by operating cash flow (6.9%).
Interest Coverage: WKP's interest payments on its debt are not well covered by EBIT (2.7x coverage).