Forterra Balance Sheet Health
Financial Health criteria checks 3/6
Forterra has a total shareholder equity of £207.8M and total debt of £109.2M, which brings its debt-to-equity ratio to 52.6%. Its total assets and total liabilities are £444.7M and £236.9M respectively. Forterra's EBIT is £38.3M making its interest coverage ratio 5.5. It has cash and short-term investments of £16.0M.
Key information
52.6%
Debt to equity ratio
UK£109.20m
Debt
| Interest coverage ratio | 5.5x |
| Cash | UK£16.00m |
| Equity | UK£207.80m |
| Total liabilities | UK£236.90m |
| Total assets | UK£444.70m |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: FTTR.F's short term assets (£146.7M) exceed its short term liabilities (£93.9M).
Long Term Liabilities: FTTR.F's short term assets (£146.7M) exceed its long term liabilities (£143.0M).
Debt to Equity History and Analysis
Debt Level: FTTR.F's net debt to equity ratio (44.9%) is considered high.
Reducing Debt: FTTR.F's debt to equity ratio has increased from 48.3% to 52.6% over the past 5 years.
Debt Coverage: FTTR.F's operating cash flow is negative, therefore debt is not well covered.
Interest Coverage: FTTR.F's interest payments on its debt are well covered by EBIT (5.5x coverage).