TheWorks.co.uk Balance Sheet Health
Financial Health criteria checks 4/6
TheWorks.co.uk has a total shareholder equity of £10.1M and total debt of £0.0, which brings its debt-to-equity ratio to 0%. Its total assets and total liabilities are £118.8M and £108.7M respectively. TheWorks.co.uk's EBIT is £10.0M making its interest coverage ratio 2.2. It has cash and short-term investments of £1.6M.
Key information
0%
Debt to equity ratio
UK£0
Debt
| Interest coverage ratio | 2.2x |
| Cash | UK£1.62m |
| Equity | UK£10.09m |
| Total liabilities | UK£108.73m |
| Total assets | UK£118.82m |
Recent financial health updates
Does TheWorks.co.uk (LON:WRKS) Have A Healthy Balance Sheet?
Mar 30
Is TheWorks.co.uk (LON:WRKS) Using Too Much Debt?
Sep 10Recent updates
TheWorks.co.uk (LON:WRKS) Could Become A Multi-Bagger
Sep 03Is Now The Time To Look At Buying TheWorks.co.uk plc (LON:WRKS)?
Jan 19TheWorks.co.uk (LON:WRKS) Has Some Way To Go To Become A Multi-Bagger
Nov 10TheWorks.co.uk plc (LON:WRKS) Stock Rockets 34% But Many Are Still Ignoring The Company
Oct 05Results: TheWorks.co.uk plc Beat Earnings Expectations And Analysts Now Have New Forecasts
Sep 02What Is TheWorks.co.uk plc's (LON:WRKS) Share Price Doing?
Jul 14TheWorks.co.uk (LON:WRKS) Could Be Struggling To Allocate Capital
May 19Does TheWorks.co.uk (LON:WRKS) Have A Healthy Balance Sheet?
Mar 30Returns On Capital Signal Tricky Times Ahead For TheWorks.co.uk (LON:WRKS)
Jan 07Is It Too Late To Consider Buying TheWorks.co.uk plc (LON:WRKS)?
Nov 02Need To Know: Analysts Are Much More Bullish On TheWorks.co.uk plc (LON:WRKS)
Jan 23TheWorks.co.uk plc's (LON:WRKS) Intrinsic Value Is Potentially 18% Below Its Share Price
Nov 16Is TheWorks.co.uk (LON:WRKS) Using Too Much Debt?
Sep 10Have Insiders Been Buying TheWorks.co.uk plc (LON:WRKS) Shares This Year?
Feb 05
Financial Position Analysis
Short Term Liabilities: WRKS's short term assets (£42.9M) do not cover its short term liabilities (£50.4M).
Long Term Liabilities: WRKS's short term assets (£42.9M) do not cover its long term liabilities (£58.3M).
Debt to Equity History and Analysis
Debt Level: WRKS is debt free.
Reducing Debt: WRKS has no debt compared to 5 years ago when its debt to equity ratio was 3%.
Debt Coverage: WRKS has no debt, therefore it does not need to be covered by operating cash flow.
Interest Coverage: WRKS has no debt, therefore coverage of interest payments is not a concern.