Topps Tiles Balance Sheet Health
Financial Health criteria checks 4/6
Topps Tiles has a total shareholder equity of £26.4M and total debt of £0.0, which brings its debt-to-equity ratio to 0%. Its total assets and total liabilities are £174.4M and £148.0M respectively. Topps Tiles's EBIT is £11.5M making its interest coverage ratio 2.7. It has cash and short-term investments of £23.4M.
Key information
0%
Debt to equity ratio
UK£0
Debt
| Interest coverage ratio | 2.7x |
| Cash | UK£23.37m |
| Equity | UK£26.39m |
| Total liabilities | UK£148.01m |
| Total assets | UK£174.40m |
Recent financial health updates
Recent updates
Topps Tiles' (LON:TPT) Conservative Accounting Might Explain Soft Earnings
Dec 27
Shareholders May Be Wary Of Increasing Topps Tiles Plc's (LON:TPT) CEO Compensation Package
Jan 11A Look At The Fair Value Of Topps Tiles Plc (LON:TPT)
Dec 01Is There Now An Opportunity In Topps Tiles Plc (LON:TPT)?
Sep 16An Intrinsic Calculation For Topps Tiles Plc (LON:TPT) Suggests It's 23% Undervalued
Aug 16Should You Investigate Topps Tiles Plc (LON:TPT) At UK£0.66?
Sep 30Are Topps Tiles Plc (LON:TPT) Investors Paying Above The Intrinsic Value?
May 12When Should You Buy Topps Tiles Plc (LON:TPT)?
Feb 03
Is Topps Tiles (LON:TPT) Using Debt Sensibly?
Dec 30Financial Position Analysis
Short Term Liabilities: TPT's short term assets (£65.4M) do not cover its short term liabilities (£66.9M).
Long Term Liabilities: TPT's short term assets (£65.4M) do not cover its long term liabilities (£81.1M).
Debt to Equity History and Analysis
Debt Level: TPT is debt free.
Reducing Debt: TPT has no debt compared to 5 years ago when its debt to equity ratio was 112%.
Debt Coverage: TPT has no debt, therefore it does not need to be covered by operating cash flow.
Interest Coverage: TPT has no debt, therefore coverage of interest payments is not a concern.