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
Does UP Global Sourcing Holdings (LON:UPGS) Have A Healthy Balance Sheet?
Apr 01
UP Global Sourcing Holdings (LON:UPGS) Has A Pretty Healthy Balance Sheet
Jun 17Is UP Global Sourcing Holdings (LON:UPGS) A Risky Investment?
May 12We Think UP Global Sourcing Holdings (LON:UPGS) Can Stay On Top Of Its Debt
Jan 08
Recent updates
Ultimate Products (LON:ULTP) Is Due To Pay A Dividend Of £0.0245
May 12What Is Ultimate Products Plc's (LON:ULTP) Share Price Doing?
May 11Ultimate Products (LON:ULTP) Has Announced A Dividend Of £0.0245
Apr 26Ultimate Products' (LON:ULTP) Earnings Offer More Than Meets The Eye
Apr 16An Intrinsic Calculation For Ultimate Products Plc (LON:ULTP) Suggests It's 47% Undervalued
Nov 05Does UP Global Sourcing Holdings (LON:UPGS) Have A Healthy Balance Sheet?
Apr 01Is There An Opportunity With UP Global Sourcing Holdings plc's (LON:UPGS) 35% Undervaluation?
Feb 18Is It Too Late To Consider Buying UP Global Sourcing Holdings plc (LON:UPGS)?
Dec 31UP Global Sourcing Holdings (LON:UPGS) Has Announced That It Will Be Increasing Its Dividend To £0.0482
Dec 07UP Global Sourcing Holdings (LON:UPGS) Will Pay A Larger Dividend Than Last Year At £0.0482
Nov 06Does This Valuation Of UP Global Sourcing Holdings plc (LON:UPGS) Imply Investors Are Overpaying?
Jul 09UP Global Sourcing Holdings (LON:UPGS) Has A Pretty Healthy Balance Sheet
Jun 17I Built A List Of Growing Companies And UP Global Sourcing Holdings (LON:UPGS) Made The Cut
May 10When Should You Buy UP Global Sourcing Holdings plc (LON:UPGS)?
Apr 13UP Global Sourcing Holdings' (LON:UPGS) Shareholders Will Receive A Bigger Dividend Than Last Year
Dec 08UP Global Sourcing Holdings (LON:UPGS) Is Increasing Its Dividend To UK£0.033
Nov 05Are UP Global Sourcing Holdings plc (LON:UPGS) Investors Paying Above The Intrinsic Value?
Nov 04Here's Why I Think UP Global Sourcing Holdings (LON:UPGS) Might Deserve Your Attention Today
May 27Is UP Global Sourcing Holdings (LON:UPGS) A Risky Investment?
May 12At UK£1.70, Is UP Global Sourcing Holdings plc (LON:UPGS) Worth Looking At Closely?
Apr 09UP Global Sourcing Holdings plc's (LON:UPGS) Stock Is Going Strong: Is the Market Following Fundamentals?
Mar 02This Insider Has Just Sold Shares In UP Global Sourcing Holdings plc (LON:UPGS)
Feb 10Should You Buy UP Global Sourcing Holdings plc (LON:UPGS) For Its Dividend?
Jan 27We Think UP Global Sourcing Holdings (LON:UPGS) Can Stay On Top Of Its Debt
Jan 08Financial Position Analysis
Short Term Liabilities: ULTP's short term assets (£71.7M) exceed its short term liabilities (£56.1M).
Long Term Liabilities: ULTP's short term assets (£71.7M) exceed its long term liabilities (£10.3M).
Debt to Equity History and Analysis
Debt Level: ULTP's net debt to equity ratio (20.9%) is considered satisfactory.
Reducing Debt: ULTP's debt to equity ratio has reduced from 126.1% to 30.4% over the past 5 years.
Debt Coverage: ULTP's debt is well covered by operating cash flow (101.4%).
Interest Coverage: ULTP's interest payments on its debt are well covered by EBIT (11.4x coverage).