Zigup Balance Sheet Health
Financial Health criteria checks 3/6
Zigup has a total shareholder equity of £1.0B and total debt of £619.2M, which brings its debt-to-equity ratio to 60.4%. Its total assets and total liabilities are £2.2B and £1.2B respectively. Zigup's EBIT is £215.6M making its interest coverage ratio 7.3. It has cash and short-term investments of £29.6M.
Key information
60.4%
Debt to equity ratio
UK£619.24m
Debt
| Interest coverage ratio | 7.3x |
| Cash | UK£29.65m |
| Equity | UK£1.02b |
| Total liabilities | UK£1.18b |
| Total assets | UK£2.21b |
Recent financial health updates
We Think Redde Northgate (LON:REDD) Can Stay On Top Of Its Debt
Jan 18
Redde Northgate (LON:REDD) Seems To Use Debt Quite Sensibly
Apr 20Is Redde Northgate (LON:REDD) A Risky Investment?
Sep 30Redde Northgate (LON:REDD) Has A Pretty Healthy Balance Sheet
Apr 28Recent updates
Is It Time To Consider Buying Zigup Plc (LON:ZIG)?
Jun 11Redde Northgate plc's (LON:REDD) Low P/E No Reason For Excitement
Feb 10We Think Redde Northgate (LON:REDD) Can Stay On Top Of Its Debt
Jan 18Redde Northgate (LON:REDD) Will Pay A Dividend Of £0.083
Dec 13Estimating The Intrinsic Value Of Redde Northgate plc (LON:REDD)
Nov 01If EPS Growth Is Important To You, Redde Northgate (LON:REDD) Presents An Opportunity
Oct 05Redde Northgate (LON:REDD) Will Pay A Larger Dividend Than Last Year At £0.165
Aug 28Redde Northgate (LON:REDD) Will Pay A Larger Dividend Than Last Year At £0.165
Aug 05Redde Northgate (LON:REDD) Is Increasing Its Dividend To £0.165
Jul 22Redde Northgate's (LON:REDD) Dividend Will Be Increased To £0.165
Jul 08Estimating The Intrinsic Value Of Redde Northgate plc (LON:REDD)
Jul 03Redde Northgate (LON:REDD) Seems To Use Debt Quite Sensibly
Apr 20Here's Why Redde Northgate (LON:REDD) Has Caught The Eye Of Investors
Mar 12Redde Northgate plc's (LON:REDD) Intrinsic Value Is Potentially 23% Below Its Share Price
Feb 25Redde Northgate (LON:REDD) Is Increasing Its Dividend To £0.075
Dec 10When Should You Buy Redde Northgate plc (LON:REDD)?
Nov 11Is Redde Northgate (LON:REDD) A Risky Investment?
Sep 30Here's Why We Think Redde Northgate (LON:REDD) Is Well Worth Watching
Aug 23We Think That There Are Issues Underlying Redde Northgate's (LON:REDD) Earnings
Aug 04Redde Northgate's (LON:REDD) Dividend Will Be Increased To £0.15
Jul 23Redde Northgate (LON:REDD) Is Increasing Its Dividend To UK£0.15
Jul 09Redde Northgate (LON:REDD) Has A Pretty Healthy Balance Sheet
Apr 28When Should You Buy Redde Northgate plc (LON:REDD)?
Mar 16Is There An Opportunity With Redde Northgate plc's (LON:REDD) 21% Undervaluation?
Feb 25Financial Position Analysis
Short Term Liabilities: ZIG's short term assets (£561.1M) exceed its short term liabilities (£408.4M).
Long Term Liabilities: ZIG's short term assets (£561.1M) do not cover its long term liabilities (£774.6M).
Debt to Equity History and Analysis
Debt Level: ZIG's net debt to equity ratio (57.5%) is considered high.
Reducing Debt: ZIG's debt to equity ratio has reduced from 96.3% to 60.4% over the past 5 years.
Debt Coverage: ZIG's debt is not well covered by operating cash flow (13.5%).
Interest Coverage: ZIG's interest payments on its debt are well covered by EBIT (7.3x coverage).