SIMEC Atlantis Energy Balance Sheet Health
Financial Health criteria checks 0/6
SIMEC Atlantis Energy has a total shareholder equity of £40.5M and total debt of £56.4M, which brings its debt-to-equity ratio to 139.1%. Its total assets and total liabilities are £124.5M and £84.0M respectively. SIMEC Atlantis Energy's EBIT is £4.6M making its interest coverage ratio 1. It has cash and short-term investments of £7.7M.
Key information
139.1%
Debt to equity ratio
UK£56.38m
Debt
| Interest coverage ratio | 1x |
| Cash | UK£7.74m |
| Equity | UK£40.52m |
| Total liabilities | UK£83.99m |
| Total assets | UK£124.51m |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: SMAY.F's short term assets (£13.0M) do not cover its short term liabilities (£20.4M).
Long Term Liabilities: SMAY.F's short term assets (£13.0M) do not cover its long term liabilities (£63.6M).
Debt to Equity History and Analysis
Debt Level: SMAY.F's net debt to equity ratio (120%) is considered high.
Reducing Debt: SMAY.F's debt to equity ratio has increased from 36.3% to 139.1% over the past 5 years.
Debt Coverage: SMAY.F's debt is not well covered by operating cash flow (15.2%).
Interest Coverage: SMAY.F's interest payments on its debt are not well covered by EBIT (1x coverage).