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Devro Balance Sheet Health
Financial Health criteria checks 3/6
Devro has a total shareholder equity of £129.6M and total debt of £118.6M, which brings its debt-to-equity ratio to 91.5%. Its total assets and total liabilities are £360.2M and £230.6M respectively. Devro's EBIT is £38.7M making its interest coverage ratio 8.8. It has cash and short-term investments of £23.3M.
Key information
91.5%
Debt to equity ratio
UK£118.60m
Debt
Interest coverage ratio | 8.8x |
Cash | UK£23.30m |
Equity | UK£129.60m |
Total liabilities | UK£230.60m |
Total assets | UK£360.20m |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: DEVO.Y's short term assets (£108.9M) do not cover its short term liabilities (£109.8M).
Long Term Liabilities: DEVO.Y's short term assets (£108.9M) do not cover its long term liabilities (£120.8M).
Debt to Equity History and Analysis
Debt Level: DEVO.Y's net debt to equity ratio (73.5%) is considered high.
Reducing Debt: DEVO.Y's debt to equity ratio has reduced from 136.7% to 91.5% over the past 5 years.
Debt Coverage: DEVO.Y's debt is well covered by operating cash flow (39.4%).
Interest Coverage: DEVO.Y's interest payments on its debt are well covered by EBIT (8.8x coverage).