Topps Tiles Balance Sheet Health
Financial Health criteria checks 4/6
Topps Tiles has a total shareholder equity of £19.7M and total debt of £0.0, which brings its debt-to-equity ratio to 0%. Its total assets and total liabilities are £164.4M and £144.6M respectively. Topps Tiles's EBIT is £8.5M making its interest coverage ratio 1.9. It has cash and short-term investments of £19.3M.
Key information
0%
Debt to equity ratio
UK£0
Debt
| Interest coverage ratio | 1.9x |
| Cash | UK£19.32m |
| Equity | UK£19.75m |
| Total liabilities | UK£144.64m |
| Total assets | UK£164.38m |
Recent financial health updates
Recent updates
Financial Position Analysis
Short Term Liabilities: TPTL's short term assets (£62.3M) do not cover its short term liabilities (£69.7M).
Long Term Liabilities: TPTL's short term assets (£62.3M) do not cover its long term liabilities (£75.0M).
Debt to Equity History and Analysis
Debt Level: TPTL is debt free.
Reducing Debt: TPTL has no debt compared to 5 years ago when its debt to equity ratio was 113.8%.
Debt Coverage: TPTL has no debt, therefore it does not need to be covered by operating cash flow.
Interest Coverage: TPTL has no debt, therefore coverage of interest payments is not a concern.