Safestore Holdings Balance Sheet Health
Financial Health criteria checks 3/6
Safestore Holdings has a total shareholder equity of £1.8B and total debt of £623.8M, which brings its debt-to-equity ratio to 34.8%. Its total assets and total liabilities are £2.7B and £914.1M respectively. Safestore Holdings's EBIT is £122.2M making its interest coverage ratio 7.1. It has cash and short-term investments of £20.9M.
Key information
34.8%
Debt to equity ratio
UK£623.80m
Debt
| Interest coverage ratio | 7.1x |
| Cash | UK£20.90m |
| Equity | UK£1.79b |
| Total liabilities | UK£914.10m |
| Total assets | UK£2.71b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: SAFE N's short term assets (£54.1M) do not cover its short term liabilities (£178.4M).
Long Term Liabilities: SAFE N's short term assets (£54.1M) do not cover its long term liabilities (£735.7M).
Debt to Equity History and Analysis
Debt Level: SAFE N's net debt to equity ratio (33.6%) is considered satisfactory.
Reducing Debt: SAFE N's debt to equity ratio has reduced from 57% to 34.8% over the past 5 years.
Debt Coverage: SAFE N's debt is not well covered by operating cash flow (17.6%).
Interest Coverage: SAFE N's interest payments on its debt are well covered by EBIT (7.1x coverage).
Balance Sheet
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Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2023/04/28 06:18 |
| End of Day Share Price | 2023/01/29 00:00 |
| Earnings | 2022/10/31 |
| Annual Earnings | 2022/10/31 |
Data Sources
The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.
| Package | Data | Timeframe | Example US Source * |
|---|---|---|---|
| Company Financials | 10 years |
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| Analyst Consensus Estimates | +3 years |
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| Market Prices | 30 years |
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| Ownership | 10 years |
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| Management | 10 years |
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| Key Developments | 10 years |
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* example for US securities, for non-US equivalent regulatory forms and sources are used.
Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.
Analysis Model and Snowflake
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Industry and Sector Metrics
Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on .
Analyst Sources
Safestore Holdings Plc is covered by 27 analysts. 9 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.
| Analyst | Institution |
|---|---|
| Paul May | Barclays |
| Paul May | Barclays |
| Miranda Cockburn | Berenberg |