Flutter Entertainment Balance Sheet Health
Financial Health criteria checks 2/6
Flutter Entertainment has a total shareholder equity of £10.3B and total debt of £5.7B, which brings its debt-to-equity ratio to 55%. Its total assets and total liabilities are £20.5B and £10.1B respectively. Flutter Entertainment's EBIT is £68.6M making its interest coverage ratio 0.4. It has cash and short-term investments of £2.4B.
Key information
55.0%
Debt to equity ratio
UK£5.69b
Debt
Interest coverage ratio | 0.4x |
Cash | UK£2.37b |
Equity | UK£10.34b |
Total liabilities | UK£10.15b |
Total assets | UK£20.48b |
Recent financial health updates
Recent updates
Financial Position Analysis
Short Term Liabilities: FTRF N's short term assets (£2.9B) do not cover its short term liabilities (£3.3B).
Long Term Liabilities: FTRF N's short term assets (£2.9B) do not cover its long term liabilities (£6.8B).
Debt to Equity History and Analysis
Debt Level: FTRF N's net debt to equity ratio (32.1%) is considered satisfactory.
Reducing Debt: FTRF N's debt to equity ratio has increased from 1.4% to 55% over the past 5 years.
Debt Coverage: FTRF N's debt is well covered by operating cash flow (22.8%).
Interest Coverage: FTRF N's interest payments on its debt are not well covered by EBIT (0.4x coverage).