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Meggitt Balance Sheet Health
Financial Health criteria checks 4/6
Key information
33.5%
Debt to equity ratio
UK£789.20m
Debt
| Interest coverage ratio | 4x |
| Cash | UK£105.20m |
| Equity | UK£2.36b |
| Total liabilities | UK£1.83b |
| Total assets | UK£4.19b |
Recent financial health updates
Recent updates
Financial Position Analysis
Short Term Liabilities: MEGG.F's short term assets (£1.1B) exceed its short term liabilities (£549.3M).
Long Term Liabilities: MEGG.F's short term assets (£1.1B) do not cover its long term liabilities (£1.3B).
Debt to Equity History and Analysis
Debt Level: MEGG.F's net debt to equity ratio (29%) is considered satisfactory.
Reducing Debt: MEGG.F's debt to equity ratio has reduced from 48.6% to 33.5% over the past 5 years.
Debt Coverage: MEGG.F's debt is not well covered by operating cash flow (14.4%).
Interest Coverage: MEGG.F's interest payments on its debt are well covered by EBIT (4x coverage).