K3 Business Technology Group Balance Sheet Health
Financial Health criteria checks 5/6
K3 Business Technology Group has a total shareholder equity of £27.3M and total debt of £12.0K, which brings its debt-to-equity ratio to 0.04%. Its total assets and total liabilities are £45.0M and £17.7M respectively. K3 Business Technology Group's EBIT is £2.4M making its interest coverage ratio 5.7. It has cash and short-term investments of £8.3M.
Key information
0.04%
Debt to equity ratio
UK£12.00k
Debt
| Interest coverage ratio | 5.7x |
| Cash | UK£8.30m |
| Equity | UK£27.28m |
| Total liabilities | UK£17.73m |
| Total assets | UK£45.00m |
Recent financial health updates
Does K3 Business Technology Group (LON:KBT) Have A Healthy Balance Sheet?
Nov 29
Here's Why K3 Business Technology Group (LON:KBT) Can Afford Some Debt
May 26Recent updates
Financial Position Analysis
Short Term Liabilities: KBT's short term assets (£16.1M) do not cover its short term liabilities (£17.5M).
Long Term Liabilities: KBT's short term assets (£16.1M) exceed its long term liabilities (£233.0K).
Debt to Equity History and Analysis
Debt Level: KBT has more cash than its total debt.
Reducing Debt: KBT's debt to equity ratio has reduced from 14.8% to 0.04% over the past 5 years.
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 KBT has sufficient cash runway for more than 3 years if it maintains its current positive free cash flow level.
Forecast Cash Runway: KBT is unprofitable but has sufficient cash runway for more than 3 years, even with free cash flow being positive and shrinking by 3.1% per year.