SIMEC Atlantis Energy Balance Sheet Health
Financial Health criteria checks 0/6
SIMEC Atlantis Energy has a total shareholder equity of £46.4M and total debt of £54.8M, which brings its debt-to-equity ratio to 118.1%. Its total assets and total liabilities are £128.9M and £82.6M respectively. SIMEC Atlantis Energy's EBIT is £4.8M making its interest coverage ratio 1.2. It has cash and short-term investments of £4.2M.
Key information
118.1%
Debt to equity ratio
UK£54.75m
Debt
| Interest coverage ratio | 1.2x |
| Cash | UK£4.19m |
| Equity | UK£46.36m |
| Total liabilities | UK£82.57m |
| Total assets | UK£128.94m |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: SMAY.F's short term assets (£16.4M) do not cover its short term liabilities (£19.3M).
Long Term Liabilities: SMAY.F's short term assets (£16.4M) do not cover its long term liabilities (£63.3M).
Debt to Equity History and Analysis
Debt Level: SMAY.F's net debt to equity ratio (109.1%) is considered high.
Reducing Debt: SMAY.F's debt to equity ratio has increased from 34.8% to 118.1% over the past 5 years.
Debt Coverage: SMAY.F's debt is not well covered by operating cash flow (17.1%).
Interest Coverage: SMAY.F's interest payments on its debt are not well covered by EBIT (1.2x coverage).