Kingfisher Balance Sheet Health
Financial Health criteria checks 6/6
Kingfisher has a total shareholder equity of £6.6B and total debt of £109.0M, which brings its debt-to-equity ratio to 1.7%. Its total assets and total liabilities are £11.9B and £5.3B respectively. Kingfisher's EBIT is £667.0M making its interest coverage ratio 6. It has cash and short-term investments of £360.0M.
Key information
1.7%
Debt to equity ratio
UK£109.00m
Debt
Interest coverage ratio | 6x |
Cash | UK£360.00m |
Equity | UK£6.60b |
Total liabilities | UK£5.30b |
Total assets | UK£11.90b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: KGFL's short term assets (£3.7B) exceed its short term liabilities (£2.9B).
Long Term Liabilities: KGFL's short term assets (£3.7B) exceed its long term liabilities (£2.4B).
Debt to Equity History and Analysis
Debt Level: KGFL has more cash than its total debt.
Reducing Debt: KGFL's debt to equity ratio has reduced from 2.3% to 1.7% over the past 5 years.
Debt Coverage: KGFL's debt is well covered by operating cash flow (1211.9%).
Interest Coverage: KGFL's interest payments on its debt are well covered by EBIT (6x coverage).