Halma Balance Sheet Health
Financial Health criteria checks 5/6
Halma has a total shareholder equity of £1.7B and total debt of £712.2M, which brings its debt-to-equity ratio to 41%. Its total assets and total liabilities are £3.0B and £1.3B respectively. Halma's EBIT is £376.7M making its interest coverage ratio 12.9. It has cash and short-term investments of £142.7M.
Key information
41.0%
Debt to equity ratio
UK£712.20m
Debt
| Interest coverage ratio | 12.9x |
| Cash | UK£142.70m |
| Equity | UK£1.74b |
| Total liabilities | UK£1.26b |
| Total assets | UK£3.00b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: HLMAL's short term assets (£911.7M) exceed its short term liabilities (£372.1M).
Long Term Liabilities: HLMAL's short term assets (£911.7M) exceed its long term liabilities (£891.3M).
Debt to Equity History and Analysis
Debt Level: HLMAL's net debt to equity ratio (32.8%) is considered satisfactory.
Reducing Debt: HLMAL's debt to equity ratio has increased from 26.8% to 41% over the past 5 years.
Debt Coverage: HLMAL's debt is well covered by operating cash flow (54.1%).
Interest Coverage: HLMAL's interest payments on its debt are well covered by EBIT (12.9x coverage).