Weir Group Balance Sheet Health
Financial Health criteria checks 5/6
Weir Group has a total shareholder equity of £1.7B and total debt of £1.3B, which brings its debt-to-equity ratio to 75.3%. Its total assets and total liabilities are £3.9B and £2.2B respectively. Weir Group's EBIT is £367.0M making its interest coverage ratio 8.6. It has cash and short-term investments of £707.2M.
Key information
75.3%
Debt to equity ratio
UK£1.28b
Debt
Interest coverage ratio | 8.6x |
Cash | UK£707.20m |
Equity | UK£1.70b |
Total liabilities | UK£2.19b |
Total assets | UK£3.89b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: WEIG.F's short term assets (£1.9B) exceed its short term liabilities (£923.4M).
Long Term Liabilities: WEIG.F's short term assets (£1.9B) exceed its long term liabilities (£1.3B).
Debt to Equity History and Analysis
Debt Level: WEIG.F's net debt to equity ratio (33.7%) is considered satisfactory.
Reducing Debt: WEIG.F's debt to equity ratio has increased from 65.2% to 75.3% over the past 5 years.
Debt Coverage: WEIG.F's debt is well covered by operating cash flow (30.8%).
Interest Coverage: WEIG.F's interest payments on its debt are well covered by EBIT (8.6x coverage).