Currys Balance Sheet Health

Financial Health criteria checks 4/6

Currys has a total shareholder equity of £2.0B and total debt of £1,000.0K, which brings its debt-to-equity ratio to 0.05%. Its total assets and total liabilities are £5.6B and £3.5B respectively. Currys's EBIT is £151.0M making its interest coverage ratio 2. It has cash and short-term investments of £108.0M.

Key information

0.05%

Debt to equity ratio

UK£1.00m

Debt

Interest coverage ratio	2x
Cash	UK£108.00m
Equity	UK£2.04b
Total liabilities	UK£3.54b
Total assets	UK£5.58b

Recent financial health updates

Recent updates

Currys (LON:CURY) Will Be Looking To Turn Around Its Returns

May 28

Here's Why Currys (LON:CURY) Has A Meaningful Debt Burden

Feb 24

Currys' (LON:CURY) Returns On Capital Not Reflecting Well On The Business

Jan 25

Is It Too Late To Consider Buying Currys plc (LON:CURY)?

Dec 17

Is Currys (LON:CURY) Using Too Much Debt?

Oct 18

Currys (LON:CURY) Has Some Difficulty Using Its Capital Effectively

Sep 26

Should You Investigate Currys plc (LON:CURY) At UK£0.60?

Aug 24

Estimating The Fair Value Of Currys Plc (LON:CURY)

Jul 29

We Think Currys (LON:CURY) Is Taking Some Risk With Its Debt

Jul 08

Is There Now An Opportunity In Currys Plc (LON:CURY)?

May 05

Be Wary Of Currys (LON:CURY) And Its Returns On Capital

Mar 17

Should You Investigate Currys Plc (LON:CURY) At UK£1.05?

Jan 15

Is Currys (LON:CURY) A Risky Investment?

Dec 22

Calculating The Intrinsic Value Of Currys Plc (LON:CURY)

Dec 01

Return Trends At Currys (LON:CURY) Aren't Appealing

Oct 16

Dixons Carphone (LON:DC.) Will Be Hoping To Turn Its Returns On Capital Around

Jun 21

Calculating The Intrinsic Value Of Dixons Carphone plc (LON:DC.)

Apr 29

Financial Position Analysis

Short Term Liabilities: CURY's short term assets (£2.2B) do not cover its short term liabilities (£2.5B).

Long Term Liabilities: CURY's short term assets (£2.2B) exceed its long term liabilities (£992.0M).

Debt to Equity History and Analysis

Debt Level: CURY has more cash than its total debt.

Reducing Debt: CURY's debt to equity ratio has reduced from 14.1% to 0.05% over the past 5 years.

Debt Coverage: CURY's debt is well covered by operating cash flow (39500%).

Interest Coverage: CURY's interest payments on its debt are not well covered by EBIT (2x coverage).

Balance Sheet

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Company Analysis and Financial Data Status

Data	Last Updated (UTC time)
Company Analysis	2024/12/23 02:47
End of Day Share Price	2024/12/23 00:00
Earnings	2024/10/26
Annual Earnings	2024/04/27

Data Sources

The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.

Package	Data	Timeframe	Example US Source ^*
Company Financials	10 years	Income statement Cash flow statement Balance sheet	SEC Form 10-K SEC Form 10-Q
Analyst Consensus Estimates	+3 years	Forecast financials Analyst price targets	Analyst Research Reports Blue Matrix
Market Prices	30 years	Stock prices Dividends, Splits and Actions	ICE Market Data SEC Form S-1
Ownership	10 years	Top shareholders Insider trading	SEC Form 4 SEC Form 13D
Management	10 years	Leadership team Board of directors	SEC Form 10-K SEC Form DEF 14A
Key Developments	10 years	Company announcements	SEC Form 8-K

^* example for US securities, for non-US equivalent regulatory forms and sources are used.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.

Analysis Model and Snowflake

Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.

Learn about the world class team who designed and built the Simply Wall St analysis model.

Industry and Sector Metrics

Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on .

Analyst Sources

Currys plc is covered by 33 analysts. 8 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

Analyst	Institution
Virginie Blin	AlphaValue
Nicolas Champ	Barclays
Karen Howland	Barclays

Currys Balance Sheet Health

Financial Health criteria checks 4/6

Key information

Recent financial health updates

Here's Why Currys (LON:CURY) Has A Meaningful Debt Burden

Is Currys (LON:CURY) Using Too Much Debt?

We Think Currys (LON:CURY) Is Taking Some Risk With Its Debt

Is Currys (LON:CURY) A Risky Investment?

Dixons Carphone ADRs To Be Deleted From Other OTC

Recent updates

Consensus EPS estimates fall by 26%

Price target increased by 9.8% to UK£1.11

First half 2025 earnings released: UK£0.007 loss per share (vs UK£0.035 loss in 1H 2024)

Currys plc to Report Q2, 2027 Results on Dec 17, 2026

Currys plc to Report Q4, 2026 Results on Jul 02, 2026

Currys plc to Report Q2, 2026 Results on Dec 18, 2025

Consensus EPS estimates increase by 16%

Currys plc Announces Sales Guidance for 2024

Key Executive exercised options and sold UK£209k worth of stock

Full year 2024 earnings released: EPS: UK£0.024 (vs UK£0.45 loss in FY 2023)

New minor risk - Earnings quality

Full year 2024 earnings released: EPS: UK£0.024 (vs UK£0.44 loss in FY 2023)

Currys plc Announces Board and Committee Changes

Price target increased by 8.3% to UK£0.87

High number of new directors

Currys plc to Report Fiscal Year 2024 Results on Jun 26, 2025

Public Power Corporation S.A. (ATSE:PPC) completed the acquisition of DSGi South-East Europe A.E.V.E. from Currys plc (LSE:CURY).

Elliott Advisors (UK) Limited's Statement of Intention Not to Make an Offer for Currys plc

Currys plc Announces Directorate Change

Elliott Advisors (UK) Limited made an offer to acquire Currys plc (LSE:CURY) for approximately £700 million.

Price target decreased by 12% to UK£0.66

Elliott Advisors (UK) Limited made an offer to acquire Currys plc (LSE:CURY) for approximately £700 million.

Price target increased by 8.2% to UK£0.77

First half 2024 earnings released: UK£0.035 loss per share (vs UK£0.51 loss in 1H 2023)

Public Power Corporation S.A. (ATSE:PPC) signed an agreement to acquire DSGi South-East Europe A.E.V.E. for an enterprise value of €200 million.

Public Power Corporation S.A. (ATSE:PPC) signed an agreement to acquire Kotsovolos for an enterprise value of €200 million.

Key Executive recently bought UK£98k worth of stock

Key Executive exercised options and sold UK£247k worth of stock

Key Executive recently bought UK£158k worth of stock

Ian Dyson completed the acquisition of unknown minority stake in Currys plc (LSE:CURY) for GBP 7.1 million.

Full year 2023 earnings released: UK£0.44 loss per share (vs UK£0.063 profit in FY 2022)

Currys plc Omits Final Dividend for 2022-2023

Currys plc Announces the Appointment of Adam Walker as an Independent Non-Executive Director and A Member of the Audit and Remuneration Committees with Effect from 8 June 2023

Currys (LON:CURY) Will Be Looking To Turn Around Its Returns

Key Executive exercised options and sold UK£109k worth of stock

Here's Why Currys (LON:CURY) Has A Meaningful Debt Burden

Currys plc, Annual General Meeting, Sep 05, 2024

Currys' (LON:CURY) Returns On Capital Not Reflecting Well On The Business

Consensus forecasts updated

Upcoming dividend of UK£0.01 per share

Is It Too Late To Consider Buying Currys plc (LON:CURY)?

First half 2023 earnings released: UK£0.51 loss per share (vs UK£0.037 profit in 1H 2022)

Price target decreased to UK£0.81

Currys plc to Report Q2, 2024 Results on Dec 14, 2023

Currys plc Announces Establishment of Environment, Social and Governance Committee

Now 22% undervalued after recent price drop

Is Currys (LON:CURY) Using Too Much Debt?

Currys (LON:CURY) Has Some Difficulty Using Its Capital Effectively

Price target decreased to UK£0.93

Currys plc Declares A Final Dividend

Should You Investigate Currys plc (LON:CURY) At UK£0.60?

Full year 2022 earnings: Revenues exceed analysts expectations while EPS lags behind

Consensus forecasts updated

Estimating The Fair Value Of Currys Plc (LON:CURY)

Upcoming dividend of UK£0.021 per share

We Think Currys (LON:CURY) Is Taking Some Risk With Its Debt

First half 2022 earnings released: EPS: UK£0.037 (vs UK£0.015 in 1H 2021)

Consensus forecasts updated

Price target decreased to UK£1.06

Currys plc Announces Board Changes

Is There Now An Opportunity In Currys Plc (LON:CURY)?

Insufficient new directors

Key Executive exercised options and sold UK£170k worth of stock

Be Wary Of Currys (LON:CURY) And Its Returns On Capital

Insufficient new directors

Price target decreased to UK£1.33

Should You Investigate Currys Plc (LON:CURY) At UK£1.05?

Upcoming dividend of UK£0.01 per share

Is Currys (LON:CURY) A Risky Investment?

First half 2022 earnings: EPS misses analyst expectations