Greencore Group Balance Sheet Health
Financial Health criteria checks 4/6
Greencore Group has a total shareholder equity of £435.8M and total debt of £287.7M, which brings its debt-to-equity ratio to 66%. Its total assets and total liabilities are £1.3B and £871.7M respectively. Greencore Group's EBIT is £63.2M making its interest coverage ratio 4.2. It has cash and short-term investments of £69.8M.
Key information
66.0%
Debt to equity ratio
UK£287.70m
Debt
Interest coverage ratio | 4.2x |
Cash | UK£69.80m |
Equity | UK£435.80m |
Total liabilities | UK£871.70m |
Total assets | UK£1.31b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: GNCG N's short term assets (£410.7M) do not cover its short term liabilities (£533.8M).
Long Term Liabilities: GNCG N's short term assets (£410.7M) exceed its long term liabilities (£337.9M).
Debt to Equity History and Analysis
Debt Level: GNCG N's net debt to equity ratio (50%) is considered high.
Reducing Debt: GNCG N's debt to equity ratio has reduced from 80.2% to 66% over the past 5 years.
Debt Coverage: GNCG N's debt is well covered by operating cash flow (30.9%).
Interest Coverage: GNCG N's interest payments on its debt are well covered by EBIT (4.2x coverage).