Porvair Balance Sheet Health
Financial Health criteria checks 6/6
Porvair has a total shareholder equity of £140.4M and total debt of £2.8M, which brings its debt-to-equity ratio to 2%. Its total assets and total liabilities are £196.1M and £55.6M respectively. Porvair's EBIT is £20.9M making its interest coverage ratio 30. It has cash and short-term investments of £16.8M.
Key information
2.0%
Debt to equity ratio
UK£2.79m
Debt
Interest coverage ratio | 30x |
Cash | UK£16.84m |
Equity | UK£140.44m |
Total liabilities | UK£55.63m |
Total assets | UK£196.07m |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: PVAR.F's short term assets (£72.3M) exceed its short term liabilities (£32.5M).
Long Term Liabilities: PVAR.F's short term assets (£72.3M) exceed its long term liabilities (£23.1M).
Debt to Equity History and Analysis
Debt Level: PVAR.F has more cash than its total debt.
Reducing Debt: PVAR.F's debt to equity ratio has reduced from 5.4% to 2% over the past 5 years.
Debt Coverage: PVAR.F's debt is well covered by operating cash flow (739.1%).
Interest Coverage: PVAR.F's interest payments on its debt are well covered by EBIT (30x coverage).