Trainline Balance Sheet Health
Financial Health criteria checks 3/6
Trainline has a total shareholder equity of £290.6M and total debt of £138.9M, which brings its debt-to-equity ratio to 47.8%. Its total assets and total liabilities are £653.2M and £362.5M respectively. Trainline's EBIT is £27.6M making its interest coverage ratio 2.9. It has cash and short-term investments of £57.3M.
Key information
47.8%
Debt to equity ratio
UK£138.86m
Debt
| Interest coverage ratio | 2.9x |
| Cash | UK£57.34m |
| Equity | UK£290.64m |
| Total liabilities | UK£362.53m |
| Total assets | UK£653.17m |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: TRNE N's short term assets (£117.5M) do not cover its short term liabilities (£212.7M).
Long Term Liabilities: TRNE N's short term assets (£117.5M) do not cover its long term liabilities (£149.8M).
Debt to Equity History and Analysis
Debt Level: TRNE N's net debt to equity ratio (28%) is considered satisfactory.
Reducing Debt: TRNE N's debt to equity ratio has reduced from 109.3% to 47.8% over the past 5 years.
Debt Coverage: TRNE N's debt is well covered by operating cash flow (28%).
Interest Coverage: TRNE N's interest payments on its debt are not well covered by EBIT (2.9x coverage).