Solid State Balance Sheet Health
Financial Health criteria checks 6/6
Solid State has a total shareholder equity of £64.6M and total debt of £13.1M, which brings its debt-to-equity ratio to 20.3%. Its total assets and total liabilities are £113.6M and £49.0M respectively. Solid State's EBIT is £16.5M making its interest coverage ratio 11.1. It has cash and short-term investments of £8.4M.
Key information
20.3%
Debt to equity ratio
UK£13.12m
Debt
| Interest coverage ratio | 11.1x |
| Cash | UK£8.45m |
| Equity | UK£64.62m |
| Total liabilities | UK£48.96m |
| Total assets | UK£113.58m |
Recent financial health updates
We Think Solid State (LON:SOLI) Can Manage Its Debt With Ease
Sep 23
Here's Why Solid State (LON:SOLI) Can Manage Its Debt Responsibly
Dec 23Recent updates
Solid State (LON:SOLI) Is Increasing Its Dividend To £0.145
Aug 09The Strong Earnings Posted By Solid State (LON:SOLI) Are A Good Indication Of The Strength Of The Business
Jul 15Solid State's (LON:SOLI) Upcoming Dividend Will Be Larger Than Last Year's
Jul 11Solid State's (LON:SOLI) Dividend Will Be £0.07
Dec 11Here's Why We Think Solid State (LON:SOLI) Might Deserve Your Attention Today
Oct 12We Think Solid State (LON:SOLI) Can Manage Its Debt With Ease
Sep 23Solid State's (LON:SOLI) Upcoming Dividend Will Be Larger Than Last Year's
Aug 30Solid State's (LON:SOLI) Dividend Will Be Increased To £0.135
Aug 16Solid State (LON:SOLI) Is Increasing Its Dividend To £0.135
Jul 07Solid State's (LON:SOLI) Shareholders Will Receive A Bigger Dividend Than Last Year
Jan 09Solid State (LON:SOLI) Is Increasing Its Dividend To £0.065
Dec 23Solid State (LON:SOLI) Is Paying Out A Larger Dividend Than Last Year
Dec 09Calculating The Intrinsic Value Of Solid State plc (LON:SOLI)
Oct 27Solid State (LON:SOLI) Has Announced That It Will Be Increasing Its Dividend To £0.1325
Aug 13Solid State's (LON:SOLI) Upcoming Dividend Will Be Larger Than Last Year's
Jul 30Estimating The Intrinsic Value Of Solid State plc (LON:SOLI)
Jul 20Is Now The Time To Look At Buying Solid State plc (LON:SOLI)?
Apr 28Solid State (LON:SOLI) Might Be Having Difficulty Using Its Capital Effectively
Mar 23Is Now The Time To Put Solid State (LON:SOLI) On Your Watchlist?
Jan 11Solid State (LON:SOLI) Is Paying Out A Larger Dividend Than Last Year
Dec 23Here's Why Solid State (LON:SOLI) Can Manage Its Debt Responsibly
Dec 23Solid State (LON:SOLI) Is Increasing Its Dividend To UK£0.063
Dec 09Capital Allocation Trends At Solid State (LON:SOLI) Aren't Ideal
Dec 08At UK£11.10, Is It Time To Put Solid State plc (LON:SOLI) On Your Watch List?
Sep 29Capital Allocation Trends At Solid State (LON:SOLI) Aren't Ideal
Aug 10Solid State (LON:SOLI) Is Increasing Its Dividend To UK£0.11
Jul 16At UK£8.80, Is Solid State plc (LON:SOLI) Worth Looking At Closely?
Jun 03Shareholders Of Solid State (LON:SOLI) Must Be Happy With Their 157% Total Return
Feb 24Should You Buy Solid State plc (LON:SOLI) For Its Upcoming Dividend?
Jan 23The Trends At Solid State (LON:SOLI) That You Should Know About
Jan 19Estimating The Intrinsic Value Of Solid State plc (LON:SOLI)
Jan 01
Solid State plc (LON:SOLI) Is An Attractive Dividend Stock - Here's Why
Dec 17Solid State plc's (LON:SOLI) Stock Has Seen Strong Momentum: Does That Call For Deeper Study Of Its Financial Prospects?
Dec 02Financial Position Analysis
Short Term Liabilities: SOLI's short term assets (£65.1M) exceed its short term liabilities (£34.0M).
Long Term Liabilities: SOLI's short term assets (£65.1M) exceed its long term liabilities (£15.0M).
Debt to Equity History and Analysis
Debt Level: SOLI's net debt to equity ratio (7.2%) is considered satisfactory.
Reducing Debt: SOLI's debt to equity ratio has reduced from 28.5% to 20.3% over the past 5 years.
Debt Coverage: SOLI's debt is well covered by operating cash flow (83.5%).
Interest Coverage: SOLI's interest payments on its debt are well covered by EBIT (11.1x coverage).