Ultimate Products Balance Sheet Health
Financial Health criteria checks 6/6
Ultimate Products has a total shareholder equity of £46.1M and total debt of £19.9M, which brings its debt-to-equity ratio to 43.1%. Its total assets and total liabilities are £109.7M and £63.6M respectively. Ultimate Products's EBIT is £17.1M making its interest coverage ratio 13.7. It has cash and short-term investments of £5.1M.
Key information
43.1%
Debt to equity ratio
UK£19.88m
Debt
Interest coverage ratio | 13.7x |
Cash | UK£5.09m |
Equity | UK£46.14m |
Total liabilities | UK£63.59m |
Total assets | UK£109.73m |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: UPGSL's short term assets (£64.3M) exceed its short term liabilities (£48.5M).
Long Term Liabilities: UPGSL's short term assets (£64.3M) exceed its long term liabilities (£15.0M).
Debt to Equity History and Analysis
Debt Level: UPGSL's net debt to equity ratio (32.1%) is considered satisfactory.
Reducing Debt: UPGSL's debt to equity ratio has reduced from 147% to 43.1% over the past 5 years.
Debt Coverage: UPGSL's debt is well covered by operating cash flow (102.6%).
Interest Coverage: UPGSL's interest payments on its debt are well covered by EBIT (13.7x coverage).