Nanoco Group Balance Sheet Health
Financial Health criteria checks 4/6
Nanoco Group has a total shareholder equity of £18.8M and total debt of £4.8M, which brings its debt-to-equity ratio to 25.8%. Its total assets and total liabilities are £75.3M and £56.5M respectively.
Key information
25.8%
Debt to equity ratio
UK£4.83m
Debt
| Interest coverage ratio | n/a |
| Cash | UK£59.34m |
| Equity | UK£18.75m |
| Total liabilities | UK£56.52m |
| Total assets | UK£75.27m |
Recent financial health updates
Financial Position Analysis
Short Term Liabilities: NANO's short term assets (£64.0M) exceed its short term liabilities (£13.3M).
Long Term Liabilities: NANO's short term assets (£64.0M) exceed its long term liabilities (£43.2M).
Debt to Equity History and Analysis
Debt Level: NANO has more cash than its total debt.
Reducing Debt: NANO's debt to equity ratio has increased from 4.1% to 25.8% over the past 5 years.
Debt Coverage: NANO's debt is well covered by operating cash flow (513.5%).
Interest Coverage: Insufficient data to determine if NANO's interest payments on its debt are well covered by EBIT.