Greencore Group Balance Sheet Health
Financial Health criteria checks 4/6
Greencore Group has a total shareholder equity of £448.5M and total debt of £307.2M, which brings its debt-to-equity ratio to 68.5%. Its total assets and total liabilities are £1.3B and £821.0M respectively. Greencore Group's EBIT is £91.4M making its interest coverage ratio 4.3. It has cash and short-term investments of £110.4M.
Key information
68.5%
Debt to equity ratio
UK£307.20m
Debt
| Interest coverage ratio | 4.3x |
| Cash | UK£110.40m |
| Equity | UK£448.50m |
| Total liabilities | UK£821.00m |
| Total assets | UK£1.27b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: GNCG.Y's short term assets (£413.6M) do not cover its short term liabilities (£524.8M).
Long Term Liabilities: GNCG.Y's short term assets (£413.6M) exceed its long term liabilities (£296.2M).
Debt to Equity History and Analysis
Debt Level: GNCG.Y's net debt to equity ratio (43.9%) is considered high.
Reducing Debt: GNCG.Y's debt to equity ratio has reduced from 111.8% to 68.5% over the past 5 years.
Debt Coverage: GNCG.Y's debt is well covered by operating cash flow (32%).
Interest Coverage: GNCG.Y's interest payments on its debt are well covered by EBIT (4.3x coverage).