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).