Greggs Balance Sheet Health
Financial Health criteria checks 5/6
Greggs has a total shareholder equity of £530.9M and total debt of £0.0, which brings its debt-to-equity ratio to 0%. Its total assets and total liabilities are £1.1B and £598.8M respectively. Greggs's EBIT is £172.3M making its interest coverage ratio 41. It has cash and short-term investments of £195.3M.
Key information
0%
Debt to equity ratio
UK£0
Debt
Interest coverage ratio | 41x |
Cash | UK£195.30m |
Equity | UK£530.90m |
Total liabilities | UK£598.80m |
Total assets | UK£1.13b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: GGGS.F's short term assets (£297.9M) exceed its short term liabilities (£272.5M).
Long Term Liabilities: GGGS.F's short term assets (£297.9M) do not cover its long term liabilities (£326.3M).
Debt to Equity History and Analysis
Debt Level: GGGS.F is debt free.
Reducing Debt: GGGS.F has no debt compared to 5 years ago when its debt to equity ratio was 0.9%.
Debt Coverage: GGGS.F has no debt, therefore it does not need to be covered by operating cash flow.
Interest Coverage: GGGS.F has no debt, therefore coverage of interest payments is not a concern.