Halfords Group Balance Sheet Health
Financial Health criteria checks 5/6
Halfords Group has a total shareholder equity of £553.8M and total debt of £21.4M, which brings its debt-to-equity ratio to 3.9%. Its total assets and total liabilities are £1.3B and £725.7M respectively. Halfords Group's EBIT is £56.2M making its interest coverage ratio 4.7. It has cash and short-term investments of £13.3M.
Key information
3.9%
Debt to equity ratio
UK£21.40m
Debt
| Interest coverage ratio | 4.7x |
| Cash | UK£13.30m |
| Equity | UK£553.80m |
| Total liabilities | UK£725.70m |
| Total assets | UK£1.28b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: HFDL's short term assets (£420.4M) do not cover its short term liabilities (£463.2M).
Long Term Liabilities: HFDL's short term assets (£420.4M) exceed its long term liabilities (£262.5M).
Debt to Equity History and Analysis
Debt Level: HFDL's net debt to equity ratio (1.5%) is considered satisfactory.
Reducing Debt: HFDL's debt to equity ratio has reduced from 19.8% to 3.9% over the past 5 years.
Debt Coverage: HFDL's debt is well covered by operating cash flow (782.2%).
Interest Coverage: HFDL's interest payments on its debt are well covered by EBIT (4.7x coverage).