Intertek Group Balance Sheet Health
Financial Health criteria checks 4/6
Intertek Group has a total shareholder equity of £1.4B and total debt of £909.9M, which brings its debt-to-equity ratio to 66.9%. Its total assets and total liabilities are £3.5B and £2.2B respectively. Intertek Group's EBIT is £517.9M making its interest coverage ratio 12.8. It has cash and short-term investments of £299.3M.
Key information
66.9%
Debt to equity ratio
UK£909.90m
Debt
Interest coverage ratio | 12.8x |
Cash | UK£299.30m |
Equity | UK£1.36b |
Total liabilities | UK£2.18b |
Total assets | UK£3.54b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: IKTS.Y's short term assets (£1.1B) exceed its short term liabilities (£981.5M).
Long Term Liabilities: IKTS.Y's short term assets (£1.1B) do not cover its long term liabilities (£1.2B).
Debt to Equity History and Analysis
Debt Level: IKTS.Y's net debt to equity ratio (44.9%) is considered high.
Reducing Debt: IKTS.Y's debt to equity ratio has reduced from 108.5% to 66.9% over the past 5 years.
Debt Coverage: IKTS.Y's debt is well covered by operating cash flow (58.8%).
Interest Coverage: IKTS.Y's interest payments on its debt are well covered by EBIT (12.8x coverage).