Currys Balance Sheet Health
Financial Health criteria checks 4/6
Currys has a total shareholder equity of £1.9B and total debt of £223.0M, which brings its debt-to-equity ratio to 11.8%. Its total assets and total liabilities are £6.2B and £4.3B respectively. Currys's EBIT is £161.0M making its interest coverage ratio 1.6. It has cash and short-term investments of £94.0M.
Key information
11.8%
Debt to equity ratio
UK£223.00m
Debt
Interest coverage ratio | 1.6x |
Cash | UK£94.00m |
Equity | UK£1.89b |
Total liabilities | UK£4.28b |
Total assets | UK£6.17b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: CURYL's short term assets (£2.4B) do not cover its short term liabilities (£2.8B).
Long Term Liabilities: CURYL's short term assets (£2.4B) exceed its long term liabilities (£1.5B).
Debt to Equity History and Analysis
Debt Level: CURYL's net debt to equity ratio (6.8%) is considered satisfactory.
Reducing Debt: CURYL's debt to equity ratio has reduced from 12.1% to 11.8% over the past 5 years.
Debt Coverage: CURYL's debt is well covered by operating cash flow (151.6%).
Interest Coverage: CURYL's interest payments on its debt are not well covered by EBIT (1.6x coverage).