TheWorks.co.uk Balance Sheet Health
Financial Health criteria checks 2/6
TheWorks.co.uk has a total shareholder equity of £-8.1M and total debt of £5.0M, which brings its debt-to-equity ratio to -61.5%. Its total assets and total liabilities are £147.0M and £155.1M respectively. TheWorks.co.uk's EBIT is £13.7M making its interest coverage ratio 3.1. It has cash and short-term investments of £2.5M.
Key information
-61.5%
Debt to equity ratio
UK£5.00m
Debt
| Interest coverage ratio | 3.1x |
| Cash | UK£2.46m |
| Equity | -UK£8.14m |
| Total liabilities | UK£155.10m |
| Total assets | UK£146.97m |
Recent financial health updates
Does TheWorks.co.uk (LON:WRKS) Have A Healthy Balance Sheet?
Mar 30
Is TheWorks.co.uk (LON:WRKS) Using Too Much Debt?
Sep 10Recent updates
Is Now The Time To Look At Buying TheWorks.co.uk plc (LON:WRKS)?
Jan 19TheWorks.co.uk (LON:WRKS) Has Some Way To Go To Become A Multi-Bagger
Nov 10TheWorks.co.uk plc (LON:WRKS) Stock Rockets 34% But Many Are Still Ignoring The Company
Oct 05Results: TheWorks.co.uk plc Beat Earnings Expectations And Analysts Now Have New Forecasts
Sep 02What Is TheWorks.co.uk plc's (LON:WRKS) Share Price Doing?
Jul 14TheWorks.co.uk (LON:WRKS) Could Be Struggling To Allocate Capital
May 19Does TheWorks.co.uk (LON:WRKS) Have A Healthy Balance Sheet?
Mar 30Returns On Capital Signal Tricky Times Ahead For TheWorks.co.uk (LON:WRKS)
Jan 07Is It Too Late To Consider Buying TheWorks.co.uk plc (LON:WRKS)?
Nov 02Need To Know: Analysts Are Much More Bullish On TheWorks.co.uk plc (LON:WRKS)
Jan 23TheWorks.co.uk plc's (LON:WRKS) Intrinsic Value Is Potentially 18% Below Its Share Price
Nov 16Is TheWorks.co.uk (LON:WRKS) Using Too Much Debt?
Sep 10Have Insiders Been Buying TheWorks.co.uk plc (LON:WRKS) Shares This Year?
Feb 05
Financial Position Analysis
Short Term Liabilities: WRKS has negative shareholder equity, which is a more serious situation than short term assets not covering short term liabilities.
Long Term Liabilities: WRKS 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: WRKS has negative shareholder equity, which is a more serious situation than a high debt level.
Reducing Debt: WRKS's has negative shareholder equity, so we do not need to check if its debt has reduced over time.
Balance Sheet
Cash Runway Analysis
For companies that have on average been loss-making in the past, we assess whether they have at least 1 year of cash runway.
Stable Cash Runway: Whilst unprofitable WRKS has sufficient cash runway for more than 3 years if it maintains its current positive free cash flow level.
Forecast Cash Runway: WRKS is unprofitable but has sufficient cash runway for more than 3 years, due to free cash flow being positive and growing by 22% per year.