Altitude Group Balance Sheet Health
Financial Health criteria checks 5/6
Altitude Group has a total shareholder equity of £9.9M and total debt of £213.0K, which brings its debt-to-equity ratio to 2.2%. Its total assets and total liabilities are £14.4M and £4.5M respectively. Altitude Group's EBIT is £465.0K making its interest coverage ratio 8.5. It has cash and short-term investments of £441.0K.
Key information
2.2%
Debt to equity ratio
UK£213.00k
Debt
| Interest coverage ratio | 8.5x |
| Cash | UK£441.00k |
| Equity | UK£9.89m |
| Total liabilities | UK£4.52m |
| Total assets | UK£14.41m |
Recent financial health updates
Recent updates
There's Been No Shortage Of Growth Recently For Altitude Group's (LON:ALT) Returns On Capital
Jan 06
We Ran A Stock Scan For Earnings Growth And Altitude Group (LON:ALT) Passed With Ease
Nov 24We Think Some Shareholders May Hesitate To Increase Altitude Group plc's (LON:ALT) CEO Compensation
Sep 08Here's Why We Think Altitude Group (LON:ALT) Might Deserve Your Attention Today
Aug 15At UK£0.43, Is It Time To Put Altitude Group plc (LON:ALT) On Your Watch List?
Apr 26Investors Could Be Concerned With Altitude Group's (LON:ALT) Returns On Capital
Mar 29Estimating The Intrinsic Value Of Altitude Group plc (LON:ALT)
Feb 15The Returns On Capital At Altitude Group (LON:ALT) Don't Inspire Confidence
Nov 23Capital Allocation Trends At Altitude Group (LON:ALT) Aren't Ideal
Jul 29When Should You Buy Altitude Group plc (LON:ALT)?
Apr 20Companies Like Altitude Group (LON:ALT) Can Afford To Invest In Growth
Sep 15Financial Position Analysis
Short Term Liabilities: ALT's short term assets (£7.4M) exceed its short term liabilities (£3.7M).
Long Term Liabilities: ALT's short term assets (£7.4M) exceed its long term liabilities (£793.0K).
Debt to Equity History and Analysis
Debt Level: ALT has more cash than its total debt.
Reducing Debt: ALT's debt to equity ratio has increased from 0% to 2.2% over the past 5 years.
Debt Coverage: ALT's debt is well covered by operating cash flow (609.4%).
Interest Coverage: ALT's interest payments on its debt are well covered by EBIT (8.5x coverage).