Solid State Financial Health
How is Solid State's financial position?
Financial Health Score
4/6Financial Health Score 4/6
Short Term Liabilities
Long Term Liabilities
Debt Level
Reducing Debt
Debt Coverage
Interest Coverage
Financial Position Analysis
Short Term Liabilities: SOLI's short term assets (£65.7M) exceed its short term liabilities (£41.4M).
Long Term Liabilities: SOLI's short term assets (£65.7M) exceed its long term liabilities (£21.6M).
Debt to Equity History and Analysis
Debt Level: SOLI's net debt to equity ratio (2.8%) is considered satisfactory.
Reducing Debt: SOLI's debt to equity ratio has increased from 7.8% to 29.4% over the past 5 years.
Debt Coverage: SOLI's debt is not well covered by operating cash flow (3.2%).
Interest Coverage: SOLI's interest payments on its debt are well covered by EBIT (20.5x coverage).