Ultimate Products Balance Sheet Health
Financial Health criteria checks 6/6
Ultimate Products has a total shareholder equity of £49.8M and total debt of £15.2M, which brings its debt-to-equity ratio to 30.4%. Its total assets and total liabilities are £116.2M and £66.5M respectively. Ultimate Products's EBIT is £15.7M making its interest coverage ratio 11.4. It has cash and short-term investments of £4.7M.
Key information
30.4%
Debt to equity ratio
UK£15.15m
Debt
| Interest coverage ratio | 11.4x |
| Cash | UK£4.73m |
| Equity | UK£49.76m |
| Total liabilities | UK£66.48m |
| Total assets | UK£116.24m |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: ULTPL's short term assets (£71.7M) exceed its short term liabilities (£56.1M).
Long Term Liabilities: ULTPL's short term assets (£71.7M) exceed its long term liabilities (£10.3M).
Debt to Equity History and Analysis
Debt Level: ULTPL's net debt to equity ratio (20.9%) is considered satisfactory.
Reducing Debt: ULTPL's debt to equity ratio has reduced from 126.1% to 30.4% over the past 5 years.
Debt Coverage: ULTPL's debt is well covered by operating cash flow (101.4%).
Interest Coverage: ULTPL's interest payments on its debt are well covered by EBIT (11.4x coverage).