Smiths News Balance Sheet Health
Financial Health criteria checks 2/6
Smiths News has a total shareholder equity of £-13.9M and total debt of £25.6M, which brings its debt-to-equity ratio to -184.2%. Its total assets and total liabilities are £181.9M and £195.8M respectively. Smiths News's EBIT is £37.1M making its interest coverage ratio 6.2. It has cash and short-term investments of £16.5M.
Key information
-184.2%
Debt to equity ratio
UK£25.60m
Debt
| Interest coverage ratio | 6.2x |
| Cash | UK£16.50m |
| Equity | -UK£13.90m |
| Total liabilities | UK£195.80m |
| Total assets | UK£181.90m |
Recent financial health updates
Recent updates
Improved Earnings Required Before Smiths News plc (LON:SNWS) Stock's 28% Jump Looks Justified
May 11
Smiths News (LON:SNWS) Is Due To Pay A Dividend Of £0.0175
May 05Smiths News (LON:SNWS) Will Pay A Dividend Of £0.0275
Dec 13Smiths News' (LON:SNWS) Dividend Will Be £0.0275
Nov 12Smiths News' (LON:SNWS) Dividend Will Be £0.014
May 06Smiths News' (LON:SNWS) Upcoming Dividend Will Be Larger Than Last Year's
Jan 11Smiths News (LON:SNWS) Has Announced That It Will Be Increasing Its Dividend To £0.0275
Nov 12What You Need To Know About Smiths News plc's (LON:SNWS) Investor Composition
Feb 18
What Type Of Returns Would Smiths News'(LON:SNWS) Shareholders Have Earned If They Purchased Their SharesFive Years Ago?
Dec 09Financial Position Analysis
Short Term Liabilities: SNWS has negative shareholder equity, which is a more serious situation than short term assets not covering short term liabilities.
Long Term Liabilities: SNWS has negative shareholder equity, which is a more serious situation than short term assets not covering long term liabilities.
Debt to Equity History and Analysis
Debt Level: SNWS has negative shareholder equity, which is a more serious situation than a high debt level.
Reducing Debt: SNWS's has negative shareholder equity, so we do not need to check if its debt has reduced over time.
Debt Coverage: SNWS's debt is well covered by operating cash flow (155.1%).
Interest Coverage: SNWS's interest payments on its debt are well covered by EBIT (6.2x coverage).