Manolete Partners Balance Sheet Health
Financial Health criteria checks 5/6
Manolete Partners has a total shareholder equity of £39.8M and total debt of £12.9M, which brings its debt-to-equity ratio to 32.5%. Its total assets and total liabilities are £65.3M and £25.5M respectively. Manolete Partners's EBIT is £3.7M making its interest coverage ratio 5.4. It has cash and short-term investments of £26.9M.
Key information
32.5%
Debt to equity ratio
UK£12.93m
Debt
| Interest coverage ratio | 5.4x |
| Cash | UK£26.85m |
| Equity | UK£39.83m |
| Total liabilities | UK£25.47m |
| Total assets | UK£65.30m |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: MANO.F's short term assets (£40.0M) exceed its short term liabilities (£5.5M).
Long Term Liabilities: MANO.F's short term assets (£40.0M) exceed its long term liabilities (£19.9M).
Debt to Equity History and Analysis
Debt Level: MANO.F has more cash than its total debt.
Reducing Debt: MANO.F's debt to equity ratio has reduced from 43.3% to 32.5% over the past 5 years.
Debt Coverage: MANO.F's operating cash flow is negative, therefore debt is not well covered.
Interest Coverage: MANO.F's interest payments on its debt are well covered by EBIT (5.4x coverage).