Angling Direct Balance Sheet Health
Financial Health criteria checks 6/6
Angling Direct has a total shareholder equity of £38.6M and total debt of £0.0, which brings its debt-to-equity ratio to 0%. Its total assets and total liabilities are £64.2M and £25.7M respectively. Angling Direct's EBIT is £1.4M making its interest coverage ratio 5.5. It has cash and short-term investments of £17.6M.
Key information
0%
Debt to equity ratio
UK£0
Debt
| Interest coverage ratio | 5.5x |
| Cash | UK£17.62m |
| Equity | UK£38.55m |
| Total liabilities | UK£25.67m |
| Total assets | UK£64.22m |
Recent financial health updates
No updates
Recent updates
The Returns On Capital At Angling Direct (LON:ANG) Don't Inspire Confidence
Nov 30
Should You Investigate Angling Direct PLC (LON:ANG) At UK£0.36?
Oct 26Angling Direct (LON:ANG) May Have Issues Allocating Its Capital
May 17Is It Too Late To Consider Buying Angling Direct PLC (LON:ANG)?
Mar 10Angling Direct (LON:ANG) Will Be Hoping To Turn Its Returns On Capital Around
Jan 12Calculating The Fair Value Of Angling Direct PLC (LON:ANG)
Oct 14Angling Direct (LON:ANG) Is Reinvesting At Lower Rates Of Return
Aug 19Is There Now An Opportunity In Angling Direct PLC (LON:ANG)?
May 14Returns On Capital Signal Tricky Times Ahead For Angling Direct (LON:ANG)
Mar 03Returns On Capital At Angling Direct (LON:ANG) Paint A Concerning Picture
Oct 09At UK£0.85, Is Angling Direct plc (LON:ANG) Worth Looking At Closely?
May 13Financial Position Analysis
Short Term Liabilities: ANG's short term assets (£39.2M) exceed its short term liabilities (£14.3M).
Long Term Liabilities: ANG's short term assets (£39.2M) exceed its long term liabilities (£11.3M).
Debt to Equity History and Analysis
Debt Level: ANG is debt free.
Reducing Debt: ANG has no debt compared to 5 years ago when its debt to equity ratio was 17.6%.
Debt Coverage: ANG has no debt, therefore it does not need to be covered by operating cash flow.
Interest Coverage: ANG has no debt, therefore coverage of interest payments is not a concern.