Spectris Balance Sheet Health
Financial Health criteria checks 6/6
Spectris has a total shareholder equity of £1.4B and total debt of £100.0K, which brings its debt-to-equity ratio to 0.01%. Its total assets and total liabilities are £1.9B and £511.1M respectively. Spectris's EBIT is £180.6M making its interest coverage ratio -1806. It has cash and short-term investments of £228.1M.
Key information
0.007%
Debt to equity ratio
UK£100.00k
Debt
Interest coverage ratio | -1806x |
Cash | UK£228.10m |
Equity | UK£1.44b |
Total liabilities | UK£511.10m |
Total assets | UK£1.95b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: SXS N's short term assets (£865.5M) exceed its short term liabilities (£418.0M).
Long Term Liabilities: SXS N's short term assets (£865.5M) exceed its long term liabilities (£93.1M).
Debt to Equity History and Analysis
Debt Level: SXS N has more cash than its total debt.
Reducing Debt: SXS N's debt to equity ratio has reduced from 15.7% to 0.01% over the past 5 years.
Debt Coverage: SXS N's debt is well covered by operating cash flow (120000%).
Interest Coverage: SXS N earns more interest than it pays, so coverage of interest payments is not a concern.