Spirax-Sarco Engineering Balance Sheet Health
Financial Health criteria checks 4/6
Spirax-Sarco Engineering has a total shareholder equity of £1.2B and total debt of £1.0B, which brings its debt-to-equity ratio to 87.1%. Its total assets and total liabilities are £2.8B and £1.6B respectively. Spirax-Sarco Engineering's EBIT is £348.6M making its interest coverage ratio 35.2. It has cash and short-term investments of £328.9M.
Key information
87.1%
Debt to equity ratio
UK£1.02b
Debt
| Interest coverage ratio | 35.2x |
| Cash | UK£328.90m |
| Equity | UK£1.17b |
| Total liabilities | UK£1.62b |
| Total assets | UK£2.78b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: SPX N's short term assets (£1.1B) exceed its short term liabilities (£637.5M).
Long Term Liabilities: SPX N's short term assets (£1.1B) exceed its long term liabilities (£977.6M).
Debt to Equity History and Analysis
Debt Level: SPX N's net debt to equity ratio (59%) is considered high.
Reducing Debt: SPX N's debt to equity ratio has increased from 86.2% to 87.1% over the past 5 years.
Debt Coverage: SPX N's debt is well covered by operating cash flow (23.7%).
Interest Coverage: SPX N's interest payments on its debt are well covered by EBIT (35.2x coverage).