Britvic Balance Sheet Health
Financial Health criteria checks 2/6
Britvic has a total shareholder equity of £343.1M and total debt of £680.7M, which brings its debt-to-equity ratio to 198.4%. Its total assets and total liabilities are £1.9B and £1.5B respectively. Britvic's EBIT is £204.0M making its interest coverage ratio 6.6. It has cash and short-term investments of £65.4M.
Key information
198.4%
Debt to equity ratio
UK£680.70m
Debt
| Interest coverage ratio | 6.6x |
| Cash | UK£65.40m |
| Equity | UK£343.10m |
| Total liabilities | UK£1.51b |
| Total assets | UK£1.85b |
Recent financial health updates
Recent updates
Financial Position Analysis
Short Term Liabilities: BTVC.Y's short term assets (£701.7M) do not cover its short term liabilities (£703.2M).
Long Term Liabilities: BTVC.Y's short term assets (£701.7M) do not cover its long term liabilities (£807.7M).
Debt to Equity History and Analysis
Debt Level: BTVC.Y's net debt to equity ratio (179.3%) is considered high.
Reducing Debt: BTVC.Y's debt to equity ratio has increased from 165.2% to 198.4% over the past 5 years.
Debt Coverage: BTVC.Y's debt is well covered by operating cash flow (28%).
Interest Coverage: BTVC.Y's interest payments on its debt are well covered by EBIT (6.6x coverage).