CVS Group Balance Sheet Health
Financial Health criteria checks 4/6
CVS Group has a total shareholder equity of £266.3M and total debt of £158.6M, which brings its debt-to-equity ratio to 59.6%. Its total assets and total liabilities are £660.8M and £394.5M respectively. CVS Group's EBIT is £59.4M making its interest coverage ratio 5.9. It has cash and short-term investments of £32.3M.
Key information
59.6%
Debt to equity ratio
UK£158.60m
Debt
Interest coverage ratio | 5.9x |
Cash | UK£32.30m |
Equity | UK£266.30m |
Total liabilities | UK£394.50m |
Total assets | UK£660.80m |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: CVSG.F's short term assets (£122.1M) exceed its short term liabilities (£106.0M).
Long Term Liabilities: CVSG.F's short term assets (£122.1M) do not cover its long term liabilities (£288.5M).
Debt to Equity History and Analysis
Debt Level: CVSG.F's net debt to equity ratio (47.4%) is considered high.
Reducing Debt: CVSG.F's debt to equity ratio has reduced from 83.4% to 59.6% over the past 5 years.
Debt Coverage: CVSG.F's debt is well covered by operating cash flow (56.1%).
Interest Coverage: CVSG.F's interest payments on its debt are well covered by EBIT (5.9x coverage).