Weir Group Balance Sheet Health
Financial Health criteria checks 5/6
Weir Group has a total shareholder equity of £1.7B and total debt of £1.4B, which brings its debt-to-equity ratio to 79%. Its total assets and total liabilities are £4.1B and £2.3B respectively. Weir Group's EBIT is £305.3M making its interest coverage ratio 8. It has cash and short-term investments of £691.2M.
Key information
79.0%
Debt to equity ratio
UK£1.37b
Debt
| Interest coverage ratio | 8x |
| Cash | UK£691.20m |
| Equity | UK£1.74b |
| Total liabilities | UK£2.32b |
| Total assets | UK£4.06b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: WEIR N's short term assets (£1.9B) exceed its short term liabilities (£1.1B).
Long Term Liabilities: WEIR N's short term assets (£1.9B) exceed its long term liabilities (£1.2B).
Debt to Equity History and Analysis
Debt Level: WEIR N's net debt to equity ratio (39.2%) is considered satisfactory.
Reducing Debt: WEIR N's debt to equity ratio has increased from 76.7% to 79% over the past 5 years.
Debt Coverage: WEIR N's debt is well covered by operating cash flow (23.4%).
Interest Coverage: WEIR N's interest payments on its debt are well covered by EBIT (8x coverage).